Surprising Upturn for the Energy Sector [View article]
The USD broke a key support level last week, closing below $83.45 It is headed below $80 which will onlu fuel more commodity buying. Hoping for a USD rebound is an exercise in futility.
On May 09 03:32 AM Alan von Altendorf wrote:
> I expect oil and natgas to move lower again. The pop was spillover > from the financials. This whole market is starting to feel like a > dollar devaluation hedge, which pushes up nominal USD prices.
Surprising Upturn for the Energy Sector [View article]
On May 09 03:32 AM Alan von Altendorf wrote:
> I expect oil and natgas to move lower again. The pop was spillover
> from the financials. This whole market is starting to feel like a
> dollar devaluation hedge, which pushes up nominal USD prices.