TradingView
JohnKicklighter
Jul 30, 2015 2:14 AM

Dollar and Commodities - A Pricing Link 

Crude Oil FuturesNYMEX

Description

There is quite a bit of surprise from many that the Dollar has a lot of influence over the direction of oil/other commodities - and vice versa. The greenback is a primary pricing currency for the natural resources, so the link is a practical one. There is deviation as supply/demand issues can override pricing elements, but they don't often diverge for long. Here we have Oil vs an inverted US Dollar.
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