Commodity Prices

Gold •421 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,362.00	+0.30	+0.02%
WTI Crude •11 mins	64.22	-0.38	-0.59%
Gasoline •1 hour	2.199	+0.050	+2.34%
Ethanol •421 days	2.161	+0.000	+0.00%
Silver •421 days	30.82	+1.16	+3.92%

Silver • 421 days	30.82	+1.16	+3.92%
Copper • 421 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	68.62	+0.57	+0.84%
Natural Gas • 12 mins	2.981	+0.037	+1.26%
Heating Oil • 1 hour	2.310	+0.015	+0.63%

Headlines

805 days Will The ECB Continue To Hike Rates?
806 days Forbes: Aramco Remains Largest Company In The Middle East
807 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,207 days Could Crypto Overtake Traditional Investment?
1,212 days Americans Still Quitting Jobs At Record Pace
1,214 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,217 days Is The Dollar Too Strong?
1,217 days Big Tech Disappoints Investors on Earnings Calls
1,218 days Fear And Celebration On Twitter as Musk Takes The Reins
1,220 days China Is Quietly Trying To Distance Itself From Russia
1,220 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,224 days Crypto Investors Won Big In 2021
1,224 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,225 days Food Prices Are Skyrocketing As Putin’s War Persists
1,227 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,228 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,231 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,232 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,232 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,234 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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…

More Info

Contact Author

US Dollar Breakout

By Ed Carlson - Jul 21, 2015, 11:00 AM CDT

The previous Friday's expected cycle low was successful in starting a rally last week in which the US Dollar had its best week since May. DXY gained 1.89% to close at 97.99 above the June 1 high and printed an engulfing bullish candlestick on the weekly chart.

A cup-and-handle pattern has been triggered (chart) and measures a minimum rally to 101.00. A symmetrical triangle on the monthly chart (not shown) measures a minimum move to 102.00 which is the 61.8% retracement of the 2002 bear market. 102.00 is also a 127.2% retracement of the Apr/May decline (chart).

Larger Image