By focusing on the charts and tuning out narratives about politics and geopolitics, I have continued to be bearish on both oil from it’s top over a year ago and the US dollar since it’s top nearly 6 months ago. Thecharts say they are both headed lower. Oil (WTIC) is headed to 60 and probably a lot lower than that as the global economy heads into at least a slow down and more likely recession. The US dollar is headed to 100 and probably to 95 as more countries join the BRIC’s and more agreements are made to not use the dollar in trade deals amongst themselves. These are both long term trends that temporary spikes not withstanding, will lead to much lower prices over time. The charts told you that months ago and continue to confirm the trends.