As I recall Goldman was calling for 200 dollar oil at the top. I am always
skeptical of their calls and allow for the possibility that they are
intentionally upside down. we may get those numbers, but the dollar chart looks
to me to be ready to correct. There has never been a lengthy consolidation after
a parabolic rise on the monthly chart that was not followed by a major
correction. any thoughts on that semi?
Yep, that $200 Oil call was made by the commodity trading department, this is their global investment research department.
US$ is poised for a huge breakout...
I see 1.08 coming on the US$ Index.
As far as a consolidation, we made the last high in March, this is November, that's plenty of consolidation time.
You can say it's shallow if you like, that's even more bullish.
Edited by SemiBizz, 24 November 2015 - 09:23 AM.
