Daily USD climbed out of a downtrend channel, put MACD and RSI positive, created and held a support level and now has risen above the SMA 200.
The weekly is approaching a resistance area but MACD and especially RSI look constructive. Under 98 Unc is just putting pressure on a would-be inflation trade. Above it, the whole thing would be called into question.
We have been anticipating a decline in CRB to around 180. That area, combined with USD finding resistance would be key. Meanwhile, this is the market and I am going to let it tell me what it is doing. Right now, patience, increased cash and selective investment are the things.
Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow via Twitter @BiiwiiNFTRH.