OK. First I have believed for a good many years the dollar has had the greatest impact on the commodity prices. Now we have seemed to hit some resistance and the dollar is sideways to lower.
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If the dollar retracts to say 89.4 ( some of the people I read say that's the next resistance) shouldn't that be a sell signal? Especially for next years crop?
I am not very good with charts but I would think that would be wave 1. I reserve the right to be wrong on that last statement.
Long term I still think there are legs under this dollar MKT
Thoughts?
