Weak Dollar Limits Downside For Crude Oil

Over the last few month, the U.S. dollar index, after gaining
ground to record highs immediately following the election, has been
in a sustained decline since the end of last year, and is now at
two and a half year lows. Some would have you believe that that is
not a major influence on certain markets, particularly domestic
energy markets such as WTI and natural gas, but they are, to put it
simply, wrong. (Click to enlarge)One of the biggest mistakes that
those new to any market frequently make, is to become far too
specific in their area of interest.…

Over the last few month, the U.S. dollar index, after gaining
ground to record highs immediately following the election, has been
in a sustained decline since the end of last year, and is now at
two and a half year lows. Some would have you believe that that is
not a major influence on certain markets, particularly domestic
energy markets such as WTI and natural gas, but they are, to put it
simply, wrong. (Click to enlarge)One of the biggest mistakes that
those new to any market frequently make, is to become far too
specific in their area of interest.…