The included chart shows that the March Dollar Index is finally beginning to follow through to the upside today. Now that this has happened, I want to raise our protective stop up from 75.79 to just below the past three days of price lows. I recommend raising the sell stop on the March Dollar Index from 75.79 to 76.19 GTC! My feeling is that the dollar should support and work higher in the near term. I am tentatively looking for a target on this move up near 80.00 but we will wait and see how the dollar develops on the way.
David Hall
The information and opinions contained herein comes from sources believed to be reliable, but are not guaranteed as to accuracy or completeness. The risk of loss in trading futures and/or options can be substantial. Each investor must consider whether this is a suitable investment. When trading futures and/or options, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Past performance is not necessarily indicative of future results.
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