Steady Trader Daily Watch: Follow the dollar for clues to oil

Hey Traders and Investors

The price of oil continues go get beaten severely and while there are structural supply and demand issues at work. in the near-term oil increasingly looks tired on te downside. Because of the powerful inverse relationship of oil and the dollar, traders looking to play an eventual oversold bounce in oil should closely watch the movements of the US dollar.

Watch the short video here: Follow the dollar for clues to oil

To your success,

Serge Berger

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