Commodity Prices

Gold •311 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,001.60	+22.10	+2.26%
WTI Crude •1 day	61.02	+1.11	+1.85%
Gasoline •1 day	2.108	+0.023	+1.10%
Ethanol •311 days	2.161	+0.000	+0.00%
Silver •311 days	30.82	+1.16	+3.92%

Silver • 311 days	30.82	+1.16	+3.92%
Copper • 311 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	63.91	+1.07	+1.70%
Natural Gas • 1 day	3.795	+0.203	+5.65%
Heating Oil • 1 day	2.066	+0.026	+1.29%

Headlines

696 days Will The ECB Continue To Hike Rates?
696 days Forbes: Aramco Remains Largest Company In The Middle East
698 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,098 days Could Crypto Overtake Traditional Investment?
1,103 days Americans Still Quitting Jobs At Record Pace
1,105 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,108 days Is The Dollar Too Strong?
1,108 days Big Tech Disappoints Investors on Earnings Calls
1,109 days Fear And Celebration On Twitter as Musk Takes The Reins
1,111 days China Is Quietly Trying To Distance Itself From Russia
1,111 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,115 days Crypto Investors Won Big In 2021
1,115 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,116 days Food Prices Are Skyrocketing As Putin’s War Persists
1,118 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,119 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,122 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,123 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,123 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,125 days Are NFTs About To Take Over Gaming?

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Rambus Chartology

Rambus Chartology is Primarily a Goldbug TA Site where you can watch Rambus follow the markets on a daily basis and learn a great deal…

More Info

Contact Author

USDU Update...An Important Chart

By - Mar 16, 2016, 4:29 PM CDT

Last week I showed you this potential H&S top forming on the USDU which is a more evenly balanced index for the US dollar which actually trades as an ETF.

http://www.wisdomtree.com/etfs/fund-details-currency.aspx?etfid=91

I built this chart using a line chart and then leaving the trendlines in place I converted to a bar chart. As you can see it has been backtesting the neckline for the last week or so along with the 200 dma. This chart shows a reversal pattern which sets up a downtrend of some kind. This is an important development.

Wisdom Tree Bloomberg US Dollar Bullish Fund Daily Chart
Larger Image