Why Blue Line's Baruch Sees Oil Hitting $80 in 2018

The video discusses the impact of American crude inventories, a global heat wave, and trade talks on the market. Bill Berg from Blue Line Futures provides insights into crude oil trends, highlighting resistance levels and potential price movements. The discussion also covers market volatility, with a focus on VIX trading and the performance of indices like the Russell and NASDAQ. Additionally, the video explores interest rates and yields, predicting a peak in the interest rate hike cycle and its implications for the market.

How is the heat wave affecting agricultural crops according to the discussion?

What factors are influencing the crude oil inventory report mentioned in the text?

What is the significance of the resistance levels mentioned for crude oil prices?

How does the volatility in the market relate to the earnings season mentioned?

What are the implications of the Fed's interest rate hike cycle as discussed in the text?