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2 Important Asset Classes Just Gave Major “Tell”

Published 08/30/2018, 12:53 PM
Updated 07/09/2023, 06:31 AM
DX
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CL
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UUP
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The USD has just “figured out” that the Fed will be finished with rate hikes soon.

UUP

PowerShares DB US Dollar Bullish ETF

We get confirmation of this from oil, which has completely reversed its breakdown and is back at its bull-market trendline.

Crude Oil

The USD and Oil are two of the most important asset classes on the planet. To see both of them shifting towards a weak USD framework is a MAJOR “tell” that the markets are entering a new phase.

Best Regards

Graham Summers

Chief Market Strategist

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