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Dollar Index (NYSEARCA:UUP) Setting Up To Drop

AMEX:UUP   POWERSHARES DB USD INDEX BULLISH
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Let's take a quick look at the US Dollar             and see what it is telling us about the markets right now. The Powershares DB             US Dollar Index             Bullish (NYSEARCA:UUP) has been on a tear the past 14 weeks. This has put pressure on many commodities including Gold             and Oil             . From the weekly chart below you can see that the Powershares DB             US Dollar Index             Bullish (NYSEARCA:UUP) is now trading into major resistance, indicating a pullback should occur shortly. This pullback in the dollar index             will give a lift to the Market Vectors Oil Services ETF             (NYSEARCA:OIH) and the Market Vectors Gold Miners ETF             (NYSEARCA:GDX).

At the Elite Round Table we will be taking positions to profit from the US Dollar             weakness and alerting our members live, exactly when we do so. Come and join us to get to get involved in the trading action!
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