Bob Iaccino Talks Crude Oil and the U.S. Dollar

Bob Iaccino, Founder & Chief Strategist of Path Trading Partners, has a target of 57.35 on crude oil futures and is watching it closely. He got short crude oil at about 60.30. He explains the sideways channel on the chart of crude oil but says it is waiting for an imbalance. He discusses how the infrastructure plan could affect crude oil. He thinks the summer driving season is already here and will last longer. He thinks the strong dollar story remains, and there will be buying on the dips.

Futures

05 Apr 2021

ON AIR
7:00 am
Market Overtime
replay

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Bob Iaccino Talks Crude Oil and the U.S. Dollar

Bob Iaccino, Founder & Chief Strategist of Path Trading Partners, has a target of 57.35 on crude oil futures and is watching it closely. He got short crude oil at about 60.30. He explains the sideways channel on the chart of crude oil but says it is waiting for an imbalance. He discusses how the infrastructure plan could affect crude oil. He thinks the summer driving season is already here and will last longer. He thinks the strong dollar story remains, and there will be buying on the dips.

Futures

05 Apr 2021

ON AIR
7:00 am
Market Overtime
replay

Get Market Minute

Daily insights for every investor

FOLLOW US