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Dollar index weakness providing support to commodities?
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JonSCKs
Posted 8/24/2015 22:06 (#4751723)
Subject: Dollar index weakness providing support to commodities?


No doubt things are fluid..  However the Dollar Index traded near the lows of the calendar year today.. after sustaining a major uptrend which started about a year ago..  Meanwhile Corn is currently up $.04 and the wheaties are up $.06.. Is this a buying opportunity?

 
( http://www.barchart.com/chart.php?sym=$DXY&t=BAR&size=M&v=0&g=1&p=D&d=X&qb=1&style=technical&template= )

I've pulled my wheat hedges.. and bought some calls to lock in my corn hedge gains.. I may look at beanies tomorrow.. as well as locking in energy needs. 



Edited by JonSCKs 8/24/2015 22:07
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