What’s the Relationship Between Oil and the Dollar?

Most traders have noticed the inverse relationship between the dollar and commodity prices—include crude oil. While this isn’t surprising for commodities priced in dollars, the inverse relationship also holds true for commodities priced in other currencies. Commodity traders should keep these relationships in mind when trading futures contracts, particularly when the dollar index experiences significant movements due to interest rate decisions or other factors.

Let’s take a closer look at the relationship between crude oil and the dollar and what it means for traders.

Continue reading What’s the Relationship Between Oil and the Dollar?

Sunday Update for Week of December 3rd – Oil Drops and Airlines “Fly”

A prepared trader is a generally a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. As always, looking at previous charts that were drawn to see what went right and what went wrong is the best way to learn and grow in the stock market as a technical analyst. In this week’s edition, we revisit the airline stocks that were analyzed in the second week of November to see how the charts how fared since. Click here to see the Thursday Analysis from early November to compare the charts to today!  Continue reading Sunday Update for Week of December 3rd – Oil Drops and Airlines “Fly”