Oil price looks will retrace to $40 per barrel in several days from now! If it can hit resistance on $42 it will go to test the next resistance on $46. Most of indicators that I used give positive signals because oil price is already oversold for a number of day. Just wait and see a good chance to go long with oil.
US Dollar Index is still show a big probability to increase after Christmas Holliday, both Stoch and CCI indicate that there are still room to gain plus MACD indicator show us that US Index is already move from bearish zone to the neutral zone, that could be continued to the bullish zone. Just wait for a right moment!