The U.S Dollar VS Precious Metal & Crude Oil

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All Eyes on the FOMC Meeting. Interest Rate Hike is on the play this week.

 

How does the U.S Dollar Index, Precious Metal, and Crude Oil Charts looks like at the moment?

US DOLLAR INDEX

U.S Dollar Index on a tight resistant

 

GOLD PRICE

Gold Price on a tight support

 

SILVER PRICE

Silver Price on a tight support

 

 

CRUDE OIL

Crude Oil on a tight support

 

Does a hike on the Interest Rate cause;

U.S Dollar Index to Break Out for another New High?
GOLD PRICE to Break Down for another New Low?
SILVER PRICE to Break Down for another New Low?
CRUDE OIL to Break Down for another New Low?

This will be an interesting immediate effects to be seen upon the announcement.

The market is going to go where it is going. Big Market Correction. Good News.

 

The Western and Europe Market are in a big market correction.

DJIA

 

 

 

 

Malaysia FBMKLCI in a big market correction too following the U.S DJIA

FBMKLCI

 

 

 

 

The superstar Malaysia FBMSCAP Index will need to go for a healthy market correction after going through a superb rally. Looking at its 1st Market Support.

**Avoid chasing high flying stocks! (Stocks that rallied more than 20%)**

Example: SEALINK, SEAL, SALCON that we shared during our July Market Outlook Seminar.

SCAP

 

 

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