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: https://www.youtube.com/watch?v=kjW2lnZ3jKs

 

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