Here's a new quartet of charts from regular contributor Chris Kimble, a 30-year+ market technician and student of Sir John Templeton.
These are his comments attached to this chart quartet:
The dollar is the worst currency in the world, except all the others...
The dollar made a new HIGH for the year yesterday. The ripple effect? Copper and Base Materials (DBB) are breaking support. These two assets are very sensitive to the direction of the economy.
Crude oil has made a monster multi-year rising wedge at (1) in the attached chart.
Should the Dollar continue to rally, if you are long commodities, you could get very frustrated.
For feedback or more information, email Chris at KimbleChartingSolutions@gmail.com.