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Overseas Weekly Futures Chart Analysis
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It was nice to see some 'more normal' and relatively stable trading patterns in some of the futures charts this week.
Many markets either saw some (modest) support emerge, or saw some strength on display.
I expect the strength or weakness in the US Dollar will continue to play a large part in the price movement in many of these charts over the next period of time. And just to keep us guessing the US Dollar Index chart is currently sitting almost at the centre point of two large consecutive reversals from the last five weeks. I expect this is not traders covering their footprints, this is the uncertainty of current economic markets being illustrated directly on the chart.
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