12/30 pre-open

The Euro explains what to do with the dollar.  On the hourly chart it shows a series of 3's with the latest peeking just above it's old high but closing the hour below.

The dollar index cash daily chart shows price declining into an important M/A in the process of building a triangle.

The crude supply report is due out this morning and is expected to show a drawdown but the market has fully discounted that with last week's rally.  Prices broke down overnight and there will probably be support at 90.225 basis Feb.  I will hold the short through the expected bounce.