The Dollar fell sharply on Wednesday and this provided a big boost to precious metals, copper and oil. The screen shot below comes from the Intraday Market Summary Page. The Silver Trust (SLV) led precious metals with a 6.44% surge. The Copper ETF (JJC) advanced over 3% and the US Oil Fund (USO) gained 2.5%.
Click this image for a live summary page
Click this image for a live summary page
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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