June witnessed a change in inter-market dynamics. The US Dollar Index ($USD) bounced at the beginning of June while the Gold-Continuous Futures ($GOLD) and West Texas Intermediate ($WTIC) declined in June. Gold started down first with a move lower in early June. Oil followed by moving lower the second week of June.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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