Further Short-Term weakness in Energy possible, while the US Dollar growing closer to a peak

Technical Strategy Video:

Key Takeaways

  • Trends & momentum have begun to stall a bit near-term, though the Wave pattern argues for a bit more fractional strength above early Nov peaks before any Top
  • Crude Oil weakening looks to extend short-term, but should be complete into next week
  • US Dollar now in a price/time area where this might peak out; Conversely, EURUSD should be bottoming and expect a sharp bounce into December/early next year
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