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  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Gold: -0.26% Silver: -0.58% Oil - US Crude: -0.82% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/NxD9Q7YGZt
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  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Gold: 0.12% Silver: -0.04% Oil - US Crude: -1.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/UFtcOksE4a
  • Heads Up:🇨🇦 BoC Monetary Policy Report due at 14:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-10-27
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Mid-Week Technical Outlook: USD Majors, Bitcoin, Gold & Crude Oil

Mid-Week Technical Outlook: USD Majors, Bitcoin, Gold & Crude Oil

Michael Boutros, Strategist

Weekly Technical Update on USD Majors, Commodities & Bitcoin

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US Dollar Rally Struggles into Uptrend Resistance– Bitcoin, Gold Poised for Larger Recovery?

In Monday’s Weekly Strategy Webinar our basic premise on the US Dollar rally was , “hold them if you got them, but get defensive.” The greenback marched higher into Wednesday before exhausting and the focus is on this pullback from uptrend resistance. Sterling, Aussie and Kiwi are all pressing key support zones today and further highlight the risk for near-term exhaustion on this recent move. In this webinar we take an in-depth look at the technical trade levels for the for the US Dollar Index, EUR/USD, GBP/USD, NZD/USD, Crude Oil (WTI), Gold, USD/CAD, USD/JPY and Bitcoin (BTC/USD).

For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy

Key Event Risk This Week

Economic Calendar - Key Data Releases - Weekly Event Risk

Economic Calendar - latest economic development and upcoming event risk

---Written by Michael Boutros, Technical Strategist with DailyFX

Follow Michael on Twitter @MBForex

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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