 "Markets, Buy, Sell, Stocks")
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls:
Dollar index is witnessing much needed pullback from 95 levels. 29th May was also the 11th day up from the last main bottom. This puts the index in the window of time for a closing price reversal top. A rally of this size and duration often ends with a dramatic closing price reversal top. The reason behind rally in DXY was the political scenario in Italy where chances are high of re-election. Investors are spooked with the results and Italian Yield has jumped considerably owing to fear
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