Oil Strategist Says OPEC Won't Hold U.S. Hostage

Todd Horowitz, chief market strategist at Bubba Trading, discusses the irrelevance of OPEC in influencing WTI oil prices, highlighting the role of fracking and increasing rig counts. He predicts a continued downtrend in oil prices, suggesting they may fall to around $40. Horowitz also comments on the dollar's weakness and its potential impact on oil prices, suggesting trading strategies focused on selling oil and dollars during rallies.

What trading strategies does Todd recommend based on his analysis?

How does Todd view the relationship between the dollar and oil prices?