Crude Recovers Some Ground Due to a Pullback in the U.S. Dollar

The impact of volatile swings in the currency market and pull back in the U.S. dollar have put a bid under commodities.
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The impact of volatile swings in the currency market and pull back in the U.S. dollar have put a bid under commodities. Luke Rahbari of Stutland Volatility Group tells TheStreet's Jill Malandrino, in the case of crude moving higher, it’s based solely on the dollar move because underlying supply fundamentals are still strained and bigger picture global demand does not lend to those types of swings. Rahbari thinks crude will continue to trade in a $40-$50 range and does not think we will see $55-$60 until 2016, if fundamentals remain the same. Rahbari points out commodities are almost trading like midcap stocks due to the volatility derived from the currency trade.