Commodity Prices

Gold •352 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,264.50	-48.60	-3.70%
WTI Crude •14 hours	73.84	+0.34	+0.46%
Gasoline •14 hours	2.330	+0.021	+0.91%
Ethanol •352 days	2.161	+0.000	+0.00%
Silver •352 days	30.82	+1.16	+3.92%

Silver • 352 days	30.82	+1.16	+3.92%
Copper • 352 days	4.530	+0.111	+2.51%
Brent Crude • 13 hours	77.01	-1.84	-2.33%
Natural Gas • 14 hours	3.847	-0.142	-3.56%
Heating Oil • 14 hours	2.542	+0.008	+0.33%

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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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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).

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