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23rd April in Currencies of MV History

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These articles were published on Minyanville.com on 23rd April in History. Checkout how time flies, enjoy reading!

Back-to-Back Intraday Sell-Offs May Have Earned Crude Oil a Rally Leg

on Apr 23, 2013 5:08 pm by Rod David

The following are the latest daily summaries of my ongoing intraday coverage, providing context to interpret price action. Any prices listed are for a contract's current "front month." Their direction tends to correlate with any ETFs listed for each. Today's Highlight: Crude oil's two consecutive deep intraday/overnight drops probably have earned at least an obligatory... Read More


Currency Market: US Dollar Index Has Rallied Nicely From 82 Support Level

on Apr 23, 2013 12:42 pm by Cody Tafel

The US Dollar Index found support at the 82 level that was highlighted last week and it turned sharply higher last Wednesday. I think this successful test of support shows that the trend higher is healthy and intact, and I would now target a move into the upper 80s for the US Dollar Index. Notice how the daily MACD is turning higher and showing improving momentum, and the longer term pattern looks... Read More
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