NYMEX:CL1!   Light Crude Oil Futures
8
Too much here to explain. Just my prediction for oil, similar set up, look left to be right. Dollar strengthens and oil will tank, and complete corrective way. If dollar weakens, then this does NOT happen. Once again, as simple as it sounds, I think the battle here is between the Yen and the dollar. Japan is fearless to get their economy humming after decades of stagnation, and is taking big chances, chasing anything that could work, hoping it will. Against that, not sure what dollar can really do, and the usdjpy pair strengthens yet again. We need a weaker dollar to increase exports, tarrifs on imports, bring the US jobs and workers back. If the FED raises rates in June, dollar will only strengthen, and Japan and the rest of the world will be happy. Subtle conspiracy alert. If the FED wants to help globalization, and is liberal, and wants to aid in the fight to keep the Trump agenda from happening, they will aid by raising rates, the one thing Trump does NOT want to have happen. But, IMO, the FED is liberal, and will be political. They are not as data dependent as they say. Because we have soft data now, and expected to get softer prior to June 19th. My suggestion will be correct if the FED raises in June, despite softer data that does not support it. That will prove the move is more politcal than practical. Result: government gridlock in full force and nothing gets done or reps push stuff through and the liberal media and dems cry foul 24/7 trying to resist at all costs causing social unrest, impeachment headlines, etc., etc.... the markets will sell off on that news, dollar up, oil down, as always just IMO. The market has been shrugging off all news lately, but that may end soon. The dem false news is not having the effect they desired, and they may get desperate. Not sure how, but they may do an all hands on deck push. This post is just an attempt to post politcal data, for trading purposes, and how all that is and might affect markets. I am politcaly nuetral regarding trading.
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