[chuck6877]

The dollar is probably about to top out. Just like bull markets correct to the 200dma like oil is doing, bear markets correct to the 200 dma. Look at the chart below!!! The USDollar just hit the 200 day moving average today for the first time in over a year and a half.
[web]http://stockcharts.com/h-sc/ui?s=$USD&p=D&b=1&g=0&id=p22635456171[/web]

When the dollar starts moving back down this will be very positive for crude oil which is getting closer to the 200dma. The correction is almost over for oil which should bottom around the 200dma which is about $110 and then move sideways for a while, go up, have a fake out to the downside testing the lows and then go up, up, up and away..........

[Tuike]

Bump!

http://quotes.ino.com/chart/?s=NYBOT_DX