larry

larry Updated 

It appears WTI crude oil may be finishing the formation of a bull flag on the daily chart, and that today's low, after a 7%+ decline in the spot price (due to Trump's announcement of 10% tariffs on Chinese products), may have been the bottom of the formation. Developing... Thoughts? Would love to hear what you think and where you see oil prices headed.

larry Updated 

The DXY has broken out of a falling wedge pattern for a few days now. Now, the 20-day moving average has crossed the 50-day moving average, adding further credibility to this breakout. Medium-term target is 100 on the DXY index . Keep in mind the DXY is heavily weighted with EUR and JPY. For a better idea of how the dollar is doing globally, I would advise to...

larry

Despite the run up in the price of crude, fundamentals still don't justify such a premium. Could the recent price action of WTI Crude Oil be a repeat of what we saw in late 2015?