Replies to post #17536 on The Rising Influence of Rising Affluence

[DewDiligence]

US Dollar at 18-month high vs currency basket:

https://www.wsj.com/articles/dollar-surges-amid-political-turbulence-abroad-1542024932

Bearish for most commodity prices.

[biocqr]

Crude oil...my fibonacci TA points to 56.72 as a potential major reversal point. Should at least see a pretty nice bounce. Next week time frame.

[DewDiligence]

Make that twelve consecutive days:

https://www.wsj.com/articles/oil-falls-further-as-trump-decries-production-cuts-1542110718

Mr. Trump tweeted Monday, “Hopefully, Saudi Arabia and OPEC will not be cutting oil production. Oil prices should be much lower based on supply!”

The comments surprised many analysts who said they had suspected Mr. Trump’s push for lower oil prices would end after the midterm elections were over.

Seriously, I don’t think this is what’s moving the market.