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January 8, 2014

Oil Nears Failed Cycle

Both Daily and Weekly Cycles in Jeopardy

The dollar index is making the most of its new year rally. The DX pushed to a Day 7 high for the current daily cycle and has now managed 1.5 index points off its late-December low. A push past a Day 8 high would tilt the odds in favor of seeing a right-translated daily cycle develop, suggesting the presence of a new intermediate cycle, but price is also within a half point of ...


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