Friday, January 29, 2016

I told you they were making shit up.

Oil rallied this week on false hopes for OPEC deal.

Additionally - the dollar weakened through December to January  coming down to around the low 97's. It was up over 100. This would obviously cause a rally in oil. However, that little Japan action last night sent the dollar up a penny. It's now at 99.58. Yesterdays read was 98.59.

The dollar controls everything right now. And I think it could even get stronger.

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