The latest Optimism Index update for currencies and commodities showed a dip in sentiment in the U.S. dollar, to levels about as low as they’ve gotten since last September when the uptrend went parabolic.
The three other times sentiment dipped like this, the dollar took off again. Should it refuse to do so this time, it gives a minor heads-up that the unrelenting uptrend is at least heading for a longer pause.
Volatility in crude oil over the past several months has reached a point that coincided with other long-term lows over the past 30 years.
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