Oil Following a Familiar Pattern
From a technical perspective the bias is bearish against oil on all timescales, says Terry Yaremchuk of Chippingham Financial Group.
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From a technical perspective the bias is bearish against oil on all timescales, says Terry Yaremchuk of Chippingham Financial Group.
Silver is at an interesting inflection point, with most signs pointing to higher highs, says Terry Yaremchuk in this article.
The US dollar index is oversold on a weekly basis, and for now the line of least resistance is upwardly biased, says Terry Yaremchuk in this article.
Intuitively the US dollar should be strong, shouldn’t it? Safe-haven status, an improving economy relative to its peers, petrodollar status … yet the technicals paint a much different picture.
Barring any new drivers to strengthen the dollar, the path of least resistance is down.
The US dollar may stay range bound until the uncertainty of a rate hike is off the table.
The US$ index fluctuated sideways inside an 18 month consolidation channel for the better part of 2016 ending the year on a very strong note post election.
Precious metals appear to be at or near an inflection point and look due to reverse into an upward sloping trajectory imminently.
There is a risk that the US dollar is breaking out and that a new leg of the US dollar bull is underway with negative implications for commodities.
A closer look at the US Dollar Index last week and how a significant correction could be underway for the US dollar.
Moving Average Convergence Divergence is about to cross over on the daily chart — could we be at an interim bottom?
Terry Yaremchuk reviews the selloff in precious metals, the dynamics between some of the moving parts and what the outlook may be going forward.
When the US dollar strengthens against other major currencies, the prices of commodities typically drop. Find out why.
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