RE:RE:RE:If the collapse in crude continues Agreed.. need strong dollar index and commodities crash for major pullback.. people sell everything when their oil and gold holdings go down.. CB
darthsidious666 wrote: If the dollar index can make it to 97-98, there will be quite a pullback. If oil fundamentals on top of that are mediocre, crude can find its way back to 38-39 in a matter of days . Nothing is forsure, i think that traders are starting to disregard opec's comments a little more. And lets say they freeze production at elevated levels. If price goes to 50 then more rigs online. Tbh its a really messed up situation at the moment. Any upside will be short lived but if dollar does what it does then oil tanks. Production data for this week will be interesting.