FYI: The US Dollar index is on the move higher once again. Below is a six month candle chart of the dollar. As shown, after “hooking” lower since mid-January, it’s breaking out above its prior highs this morning. The prior highs from January should now act as support going forward.
Meanwhile, after going down pretty much every day for months, oil is actually starting to form a nice base around the $50/barrel mark
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/interesting-formations-for-the-dollar-and-oil/
