The dollar is breaking to new lows. Let's see how long it can hold an 88 handle. Oil prices just rose above $66.50, the highest level in over 3-years, and up over 50% since the July 2017 low. The bad news for consumers is that there is no overhead resistance below $80.

The dollar is breaking to new lows. Let's see how long it can hold an 88 handle. Oil prices just rose above $66.50, the highest level in over 3-years, and up over 50% since the July 2017 low. The bad news for consumers is that there is no overhead resistance below $80.

— Peter Schiff (@PeterSchiff) January 25, 2018