If I am concerned about anything it is the U.S. dollar, which is threatening to fall apart. As you can see on the chart below, recent action shows an inability to get above that recent gigantic red power bar in the leg off the 616 hour low. It failed, came to the inflection line you see which is the beginning of the real candle body for the red bar. It came down to it, held support and started breaking down. It's not terminal yet but if they bounce it and it fails at that line it will be see ya in the next lifetime.
From a technical perspective all of the commodities in the oil complex hit a top several days ago and have been drifting lower since peaking after a long run to the upside that began in early February.
Record cold and record demand are playing havoc in certain spot markets, driving markets crazy. Natural gas prices are rising and big swings in heating oil futures as the market tries to balance strong demand with supply.
Dan Dicker, energy trader, oil analyst, television and web commentator, author and general provocateur doesn’t mince words, especially about the new players brought in through electronic trading of the markets.