Commodity Prices

Gold •736 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,624.20	-5.90	-0.36%
WTI Crude •11 mins	71.76	-0.32	-0.44%
Gasoline •12 mins	3.020	-0.019	-0.62%
Ethanol •736 days	2.161	+0.000	+0.00%
Silver •736 days	30.82	+1.16	+3.92%

Silver • 736 days	30.82	+1.16	+3.92%
Copper • 736 days	4.530	+0.111	+2.51%
Brent Crude • 35 mins	76.30	-1.72	-2.20%
Natural Gas • 10 mins	3.009	-0.003	-0.10%
Heating Oil • 12 mins	3.549	-0.023	-0.63%

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Ed Carlson

Ed Carlson, author of George Lindsay and the Art of Technical Analysis, and his new book, George Lindsay's An Aid to Timing is an independent…

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Third Time's a Charm?

By Ed Carlson - Mar 25, 2014, 1:27 PM CDT

The US Dollar index bottomed on Monday's 21-day cycle and then rallied over 1% last week (after the previous week's big cycle convergence). In doing so it printed an engulfing bullish candlestick on the weekly chart (not shown).

DXY has formed a bullish wedge (and triggered it last week) on its daily chart below. It calls for a minimum move back to the top of the wedge near 81.40. This level has turned back advances in DXY twice since last November. Third time's a charm?

US Dollar Index ICE Continuous
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