Commodity Values are Directly Related to the US $. Ripple Effects Seen in all Markets.
Falling Dollar Spurs Prices of Commodities (Gold, Silver, Copper, Oil, etc.)
Higher Commodity Prices, Spur Market Indexes. This is the SPY (S&P 500). The same trends are reflected in all the major indexes. In the above charts the horizontal lines represent the Pivots with upper and lower being R2 and S2. For the most part, the price action has been between the Pivot and R2. These ranges are important in making trade and investment decisions. The February Pivots, for instance, are computer generated from current and past price action. These data points create Probability Ranges into which more accurate estimate of direction is ascertained. As in flying it is important to stay in touch with the Instrument Panel.
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