Dollar Vs. Crude
Looks like the inverse correlation between the Dollar and Crude may be ending as crude is heading north in spite of recent Dollar stability. Crude seems to be trading on other fundamental info now, rather than just Dollar weakness. On the other hand, Gold does not seem to like Dollar strength as evidenced by Friday's action. Keep an eye on Dollar Vs. Gold going forward.
Wheat broke through the triangle formation on Friday, indicating a likely continuation of the recent downtrend off of the highs. Corn has set up a small triangle above its recent breakout highs. A breakout above this triangle should lead to higher prices.
Scott@kungfutrader.com