Oil & Dollar

With stronger dollar and resuming supply increase, the $50/bbl is becoming a strong resistance.

Oil was so bullish that it wasn't responding to stronger Dollar, which means supply intrruption and price supporting operations worked to support the price.

However, the trading volume is fading and the oil price rally is losing steam. With dual actions of strong dollar and oversupply, this time the top is likely not a flat one:  dive any time...