The Commodities and Equites Rally at Crucial Juncture

Over the past year, we have seen one Sided Rise in Equities, Bitcoin, Commodities, Crude GOLD.

As many of you know, the Dollar Index have a huge effect on Equities and Commodities. When the Euro is strong, US Dollar is weak. And this provides a Rise  to Both Commodities and Equities.

Gold and Silver have correceted 4-5% on Friday suggesting we are in for a rough ride in coming week.

As seen in below 2 Charts Dollar Index is at Support 

Dollar Index at Multi Month Support

Dollar Index showing sign of Reversal on Daily Chart Bulls need to move above 90.99 for confirmed Reversal and it can give headwind to Equities

 

EURO Index at Multi Month Resistance

 

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