US Dollar Currency Index #DXY has an Inverse Correlation with Commodity Index #CRB.
Any strength in DXY can be a Negative for Commodities.
More from Piyush Chaudhry
#NIFTY
15 Months to this post. No change in the larger projections.
15 Months to this post. No change in the larger projections.
Long Term Chart of the Year.#NIFTY - Wave 5 (Cycle Degree) Target Zone of 25000-34000 by 2024-2027.
— Piyush Chaudhry (@piyushchaudhry) December 19, 2020
Reassessment on a breach below Blue Trendline. A breach is not a necessary invalidation. Depends on internals.
The dashed path is for representative purpose only. #ElliottWave pic.twitter.com/1xVY4OSr5T