 Let's jump over to our man, Teddy Kegstad, folks. We talk to Teddy every Wednesday at 40 past the hour. Teddy writes an outstanding newsletter, The Tiger Forex Report. He publishes it with issues every Monday and updates when warranted. Today's a great day to sign up for The Tiger Forex Report, folks, because not only are currencies running so much in this market as usual, but Teddy's got a webinar tonight, four till five, a 60 minute webinar. It'll be live. It's taking place in our Discord Room. All subscribers gain access. If you can't attend live, it will be archived as well up on your member's page tomorrow. You subscribe for 30 days, folks. You still get a 30 day money back guarantee. I'm looking forward to the webinar tonight. It's a special time in this market, man, with everything going on. Teddy Kegstad, good morning. Good morning, Tommy. Boy, where do you wanna start, Teddy, man? First, let's give the listeners and the viewers a little bit of a glimpse, if you can, about what you're gonna be talking about tonight for the hour with subscribers to The Tiger Forex Report at four o'clock Eastern time. Teddy. Well, we're gonna talk about, obviously, the major forex currency pairs. We're also gonna talk about yields, talk about crude oil, the dollar index, and also the upcoming Fed meeting, and basically how I put the newsletter together every week. What are my ways of putting my outlooks on each market and in any given situation? So what we're gonna do is we're gonna basically do a walkthrough of how I break down things when I put the newsletter together, especially when I'm not thinking about just the next day, but actually what's gonna happen over the next week or so. I can't wait for it, man. I'm gonna be in that room for sure. And listen, folks, if you've been following the program, Teddy's had some great calls, whether it's talking about the dollar index, whether it's talking about crude in particular, the shape, so much of what's going on. And Teddy, maybe we started off with the dollar index, because I always read your letter on Monday, man. I read to check it out, because just like we talked about, things are so important right now with yields, with currencies driving so much of the action. And the dollar's got a little bit of a pullback and maybe give the viewers, the listeners, because that was kind of right near maybe a potential correction zone and how you look at that dollar index and what you're looking as we kick things off. Can we do that? Yeah, absolutely. The dollar index is actually pointing down towards our correction zone right now. So right now, I remember on Friday, if every day you call for a bottom or a top in the market, eventually you're gonna be right. So in the reality is we've had a lot of volatility that came out of nowhere on Friday afternoon and followed through into Monday. We had a big, big, big reversal in the dollar index. You gotta remember, on Friday morning, the dollar was actually pushing highs. It was looking for a breakout to the upside, not a retraction, you know? So, and because of the news that was basically, that was put out by the different media outlets was saying that the Fed was gonna stop raising interest rates. Well, they're going to eventually, that's for sure. But we know that they're not gonna stop raising rates at least for the next two meetings, that's for sure. There's at least two, three quarter rate hikes coming. Jerome Powell has been very staunch and hasn't even said about, he's gonna take this foot off the gas anytime soon. You know, now we know that, yes, next year they should start pulling back where maybe instead of doing three quarter rate hikes, they start going to a quarter point or maybe they skip one meeting or two but with the intention of still raising rates. Like we know that we're coming into that environment but that's still half a year away. You know, we still have the Fed meeting next week and then we have another Fed meeting in December. You know, so this is in the midst of earning season and a bunch of other things. So I think that you're seeing is a very big knee jerk reaction by the rumor cell, the fact. And I would say that probably what you're gonna see is like for instance, we had a dollar index was already getting hit over the last two sessions. Yields were pressing higher up until yesterday morning. You know, so now we got a short-term buy signal in the 30 year Treasury bond futures. You know, but that's a counter trend move and that's a perfect setup for going into next week. Yields should pull back as we get into Tuesday which the markets are gonna go flatline into Tuesday and then Wednesday. You'll probably see the bonds trading another two, three basis handles higher. The dollar index trading around the 109 to 107 area maybe bot churning around in that area. Then what happens on Wednesday, they pull the trigger and then you know what happens. We know that they're gonna raise the rate another three quarter point in December. So what's gonna happen? You're gonna see a big sell off in the bonds, a big rally in the US dollar. You know, and I think that that's probably the way it's gonna shake up. I would be very cautious right now. I think it's a rally to sell if you're buying into any of these other currencies versus the dollar. It's pretty cool, man. You put the move on, you know, daily just going back. I mean, the moves have been so large steady and you've been talking about it. You get a bounce, man. You're nowhere near as in even just talking about Fibonacci numbers jumping to the 10 year for instance on a Fibonacci basis, man. A three, eight, two is almost three full points higher. And that's just from the move we had from August, going August, September, it's not even October. So that's getting a three, eight, two bounce of a move that's been less than three months old. And you could go three points higher. And I'm not saying you will because that's almost one 14, but that's actually the high as well from earlier this month, which is pretty interesting. The high from one 13. What do you wanna jump to next Teddy, why? How about the end? I wanna talk about the end. What do you wanna talk about? Well, if there's been volatility anywhere, it's been the end. I mean, longs and shorts have both had to gotten chewed up over the last few sessions. I mean, and Friday was indicative of that. And see, this is where I think you can see like why we had such volatility on a Friday, because at that point, European markets are closed, Asian markets are closed, only the algos are really on. And this is where AI has, I think, really causes problems with the markets, especially when they're thin. Because one of the things that AI programs are driven on, all these like algos is the news. They have filters for Twitter, Facebook, CNN, CNBC, all this stuff. So when they all of a sudden get this major media outlets broadcasting everywhere, the Fed is stopping the raising of rates. Don't you think that influences the algos and causes these very big erratic erroneous moves that come off only when these things come out? And I think that that's what's generating. And the reason you get this volatility, it's kind of like I saw this great demonstration of where AI has a lot of flaws and has a long way to go. If you ask AI to show you a picture of a salmon fisherman or a person fishing for salmon, you know what they're gonna show you? They're gonna show you somebody on a boat with a fishing pole and then they're gonna show you at the end of the fishing pole, a piece of salmon that you eat on your plate, not a fish, you know what I mean? Like because it's not, there's certain things that it just, there's so many other variables that it's common sense to us that still isn't programmed into AI. It doesn't get that or it may never get that because that's a human thing, you know? So when I think that that's what we're running into with these moves, so I would say that, you know, before you listen to the news, listen to what the other Fed share people said last week, especially two of them that said, they're all for the Fed keeping this stance on raising rates and continuing to combat inflation and not let up on it for a while, you know? So that doesn't mean that they're gonna be putting the brakes, you know, come December. I think that this is just a corrective environment that we have over the past couple of days. And what's kind of cool is, you know, we just get a constant stream of data, it feels like, man, we got big earnings coming out, of course, but then we get PCE this week, we get GDP, we get Fed meeting next week, and then we get to do all the big numbers again with non-farm payroll, we'll get CPI. And like you and I have been talking about, man, those numbers, there's just been all these expectations. Now maybe they will, right? Maybe the data will line up and give them the room to pause after they go 75, 50, a quarter or something, which is almost like a best case scenario, but that means that we need some big numbers that just have not come in. Every single month that's been, you know, CPI is hot. Look at the last two months when the CPI came out, folks. The market just collapsed, let alone we rebounded last time, but there's huge misses on that CPI number, which is pretty interesting. Can you hang with us for this break, Teddy? I wanna go over the crew contract a little bit. We'll get back, okay? Folks, stay tuned. We're gonna be coming back with our man, Teddy, Kegstad, and please, we're gonna go on break for three minutes. We're gonna come back. We're gonna talk a little bit of crude. We'll finish up the conversation. Head on over to the front page of TFNN, folks. Try out Teddy's newsletter. Try it for 30 days. You'll be in that room for the webinar tonight. We'll be right back in three minutes. Stay tuned. Welcome back, folks. We're talking to our man, Teddy Kegstad. We're talking some commodities, some currencies, and let's jump right into crude, Teddy. We've got crude accelerating higher today. We're pushing 87 bucks at 86, 66. What type of price action are you looking for this crude contract right now? I'm watching that $90 level. I think that right now, this market's been wedging. We put it in the report this week, looking for a breakout, and I think that if we get above 90, then we're heading towards that key area of 93.75, and that's gonna be a nice little upper-end test. Are we just gonna be in a range trade consolidation market here? Are we gonna have stability, at least at these higher prices? Because if we're going to have that, that's where we're gonna run it. We should run into the roadblock. If not, then that means we have higher prices ahead, and I would say we're gonna be going back up above 100. So right now, the market obviously has been in the downtrend since, what is it, since the beginning of the summer, since I think the middle of June, but it bottomed out at the end of September. So, and I think that right now, between the low that was set in September and somewhere up around $93, that's your range trade. So if we're just gonna consolidate, that's where we'll be. But at least on an hourly basis, and now on an intraday basis, on a daily starting as of today, we are breaking out to the upside, meaning we're pressing the wedge. So the market's been wedging this way and this way come under this point. We're starting to look like we wanna break out to the upside. I'm looking for $90 is the key level. I think that's the first step. If we can sustain a trade above there, be cautious selling into it. I think that we could have a breakout to the upside, especially, I mean, things aren't exactly great in the world right now. So when I've been saying look out for wintertime, especially you gotta think that the spreads for the wintertime, they're gonna start getting really bullish and I think that's gonna help to lift the pricing also. It's pretty cool, everything that's in flux as a trader, man. And I agree geopolitically, man, you talk about Russia, whatever you talk about, China in terms of how that may impact the price accrued. Teddy, we appreciate the time as always, man, the education and we look forward to the live webinar tonight at four o'clock. See you this afternoon. Okay, we'll see you then. Thanks so much, Teddy. Take care, guys. Folks, check it out. TigerForex Report, the friend page tfnn.com comes with a 30-day money back guarantee and stay tuned. We got our man Basil Chapman up live next. Thanks so much, folks. Have a great Wednesday.