Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

November 25, 2018 | US Dollar Index Versus Oil Weekly View

Jack has over 20 years experience in the currency, equity, and futures arena. He is an investment advisor who has held key positions in brokerage, money management, trading, and research. Jack is founder and president of Black Swan Capital LLC. He was also founder of Ross International Asset Management (specializing in global stock, bond, and currency asset management for retail clients) and General Manager of Plexus Trading (specializing in currency futures and commodities trading).

Below is a look at the US dollar versus Oil.  We have been wrong on oil.  And it now appears a major top is in place at Wave A.  We are expecting the old correlation of strong dollar-weak oil, and vice versa, again.  To that belief, a correction lower in the dollar over the next several weeks (months) would coincide nicely with a much “overdue” correction higher in oil—labeled Wave [b].

112518 oil vs dollar.png

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

November 25th, 2018

Posted In: Black Swan Currency Currents

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.