Commodity Trade Mantra

Posts Tagged ‘USDX’

US Dollar Super-Overbought

The bottom line is the US dollar is super-overbought & will soon crumble. The US dollar falls as fast and far as it rose, reversing all the peripheral trades that suffered during the dollar’s rally. So sell the US dollar high when everyone loves it, and buy euros, yen, oil, and gold while they are still low before they rebound.

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