Dollar & Oil both Dropping
Headlines:
DOLLAR IN NEW SPIRAL…
…biggest one-day slide against euro
OPEC deepest oil cut to rescue prices…
YET PRICE TUMBLES BELOW $40 FOR FIRST TIME SINCE ‘04…
Let the charts do the talking…





Headlines:
DOLLAR IN NEW SPIRAL…
…biggest one-day slide against euro
OPEC deepest oil cut to rescue prices…
YET PRICE TUMBLES BELOW $40 FOR FIRST TIME SINCE ‘04…
Let the charts do the talking…





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hey Chris, long time no talk.. happy holidays to ya. Looks like the dollar may stage a recovery rally soon but longer term it looks like lights out or at the very least a test of the lows around 71. That new ProShares UltraShort Euro ETF (EUO) will be a nice tool in the arsenal.
This is a very helpful juxtaposition Chris. I’m curious about your thoughts on this:
Our charts are showing a strong bullish OBV divergence on the dollar (dollar falling while OBV rising) yet no similar divergence on oil. Likewise, there is a strong bearish OBV divergence with the recent Euro spike.
[...] Dollar and Oil both dropping [...]
[...] Perruna] discusses Dollar & Oil both Dropping and also weaves in charts of the S&P 500, Gold, and the [...]