Longer term, I found Zoltan posers year end piece anticipating serious efforts from both Russia and China to end dollar hegemony. The insights that it contained around what the ramifications of a multipolar geopolitical landscape will be on the dollar longer term were absolutely fascinating. My views on the dollar are somewhat on a bullish tilt, which is I don't see that much more further short term downside on the dollar. There clearly is no sign technically that a new accumulation cycle has begun for crude oil. We continue to see this pattern of lower highs and lower lows with every short term bounce immediately met with new rounds of selling.

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