Crude Up To Its Old Tricks


Crude oil has been having a tough time of late, but unlike past times when crude and the market went lower together, the market has absorbed crude’s weakness very well.  The fundamentals for oil are jut horrible right now.

The one thing that could take some pressure off crude would be a pullback in the dollar. Right now the greenback is against some downtrend resistance, so its at a very important level here and could determine crude’s short term outcome, up or down.


We have a very full calendar of eco data this week as well as the Fed…and more earnings.




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