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The Dollar Index broke above its 2018 trading range and rallied toward its 65-week EMA, with the broader USDU ETF crossing above its 200-day moving average. The analyst notes that momentum indicators are now mostly bullish, though the long-term signal remains negative.
A confirmed dollar breakout would raise the cost of US commodities for importers and pressure dollar-denominated prices across grains and oilseeds. The signal is a technical view rather than a fundamental shift in supply or demand.
articles.stockcharts.comMartin PringMay 2, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
