NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Fri Apr 11, 2014 06:45 AM CDT

While the U.S. dollar index doesn't seem to have the influence on most commodities that it has had in the past, there is still a great deal of interest in what would happen if the greenback continued to weaken. To answer that, we need to have an idea of just how much further the index could slide.

A look at its weekly chart shows the USDX into to be nearing secondary (intermediate-term) technical support, first at its recent series of lows

79.280 and 79.268, then at its previous low of 78.998 (week of October 21, 2013). On its long-term monthly ...

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