USD -Decline setting up significant profit opportunities …

Posted by Sean Brodrick - Uncommon Wisdom

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weekly-dollar

Profit opportunities for the quick and bold …

For weeks now on UncommonWisdomDaily.com and on my blog, I’ve been talking about the new downleg in the U.S. dollar. This is bullish for commodities in general.

I’ve also been talking about how oil prices are running up even though we haven’t seen a return of U.S. demand AND how China’s economy seems to be recovering faster and even revving up.

These three things — the dollar, oil and China — are tied together, and they open the door to tremendous profit opportunities for the quick and the bold.

Looking at a weekly chart of the U.S. dollar index, you can see it has broken important support. The easiest path is lower, and it should test support at 80.

weekly-dollar
If that fails, its next support is 77.70. After that … well, then we get into “ouch” territory. This kind of move should be extremely bullish for commodities.

Let’s talk about how oil prices keep charging higher.

…. read full article HERE.

Sean Broderick has a duo of services — Red-Hot Commodity ETFs and Red-Hot Global Small-Caps. He also contributes weekly to Uncommon Wisdom. His report, “The Golden Age of Uranium,” has gathered accolades from investors and industry insiders alike.

He is a weekly guest on Market Matters Radio, a frequent commentator on one of Canada’s premiere financial websites, HoweStreet.com, and from time to time he makes appearances on various U.S. radio and TV news programs. He contributes semi-regularly to Dow Jones Marketwatch.

He travels far and wide to seek out small-cap values in the natural resource sector.