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Strategies & Market Trends : John Pitera's Market Laboratory
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To: isopatch who wrote (17574)1/8/2016 5:14:43 PM
From: John Pitera2 Recommendations

Recommended By
isopatch
roguedolphin

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Looking at your USD chart which is a WEEKLY The RSI hit a very strong momentum high at the 100.60 top we had at the start of the December.... No real momentum divergence like we had on the daily chart and the price went above the upper Bollinger band .... we typically see the price action fail to tag the upper Bollinger band before we top out in price.

So the weekly chart is more bullish than the daily

takeaway room for more USD weakness over the next several weeks.... But the Weekly chart suggests we
should see a higher high in the USD later in Q1 or early Q2 of 2016

Gold has been acting constructive recently.... Silver looks bullish over the long term ie.... next few years should see higher prices... intuitively I feel that way about Gold.

I have to do a new updated look at GOLD over the multiple time frames.

Crude was weak all this past week as were stocks..... the deflationary force of Crude is Global and powerful.

JP
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