 Let's jump over to our man, Teddy Kegstad. We talk to Teddy folks every Wednesday at 40 past the hour. You can reach Teddy every trading day at his website, forex-trading-unlock.com. Teddy Kegstad, good morning. Good morning, Tommy. What do you want to talk about first, the Yen or Crude? Let's talk the Yen, man, because Crude's always fun, but boy, this Yen, I was talking to my dad yesterday and you've been on Fireman with Crude, but we're gonna have the Yen to this one, Teddy. This is quite a move we got going on and it is not stopping right now. Let's talk the Yen, man. Yeah, last week, since we talked last, it blasts it off. It finally broke out to the upside. I mean, last month it was weighing heavy. I mean, I was taking heat all month. So, but yeah, I'm surprised at how quickly in the past couple of days, I mean, right now we got up to, what is it, we're trading 134.08. I mean, this is a book, I mean, it's a very impressive rally through resistance right now. You know, I mean, 130 was aligned in the sand with the Japanese, with the Bank of Japan and the Ministry of Finance there. And so far we haven't heard a word about anything and they were very adamant about defending their currency and now it's $4 higher than that target line. So it's very interesting. I think it's gonna, we're gonna see some pretty good corrections on this move, but I believe that we're gonna keep trending higher as long as oil does. Oil's, you know, it's pushing the 120 barrel, a barrel and mark, you know? And I think as long as it continues, as long as that trend remains forcibly breaking through resistance, this is what's gonna happen with the US dollar yen. It's the two are in tandem right now, especially as you're cutting through these new highs. Do you see an area? I mean, it's so tough in terms of this, there's no area even over this right now, you know? But do you see an area that this thing maybe runs into resistance? I gotta put this thing back on the chart going back to 1998, man, on my chart. Yeah, I know, I was looking at that last weekend and I was like, Jesus, this thing hasn't been trading like this with this kind of momentum in a very long time. And yeah, I think it's really going to keep on hammering its way higher. It just really is. There's no reason right now, fundamentally, I mean, obviously, technicals are way over bought. So those are out the window, you know? But the trend is your friend, you know? And like, I mean, you look at how it corrected in May, it had a nice correction off its highs, but that was just like a new basing, you know? For that to, I mean, to provide this new move up higher. Yeah, I mean, sometimes my dad will talk about it. You know, sometimes if you want to be a bull, man, a pullback is not a bad thing, just especially after you get a run like that where you trade in March from 114 almost to 130, you know, you pull back three or $4 in the context of the run it just had. Maybe that's just enough breathing room for the next leg up. And this time, that's what happened. I wanna jump to both. I also want the third, sorry to interrupt you, but the third year is also one of the reasons why? Because as oil is going up, 30 year prices are going down. That's another factor. It's really giving strength to the US dollar because if you look at the US dollar versus the Euro and the pound and many other currencies, they're relatively quiet today, but this is very impactful on the yen right now because you have the oil trade and also the interest rate trade that are really driving this rally. Man, that market, you almost can't overstate. I was talking to my dad yesterday, I said, man, that thing looks strong. I know that's not good for gold, but you can't deny it's that move. Jump into gold for a second because I know you're not a huge gold trader, but I was talking to my dad. Gold, in my opinion, has held up pretty well in terms of what's happening in the yen. Usually, right, that would be a real tough go round with the yen going from 114 to 134 over the span of three months. But over that timeframe, from where the yen, the gold was, you had gold, yeah, it was up at 2078, but that thing was trading by March 16th at 1922 and we're only at 1855. I was playing with charts earlier. I mean, if you have gold priced in yens, man, you are making some crazy coin. What do you see? Do you see anything? Do you look at that gold market at all, first of all? But what happens maybe if we do get eventually some kind of pause in terms of that yen? Could gold really maybe find a bid if we start getting some weakness in some of those factors, maybe a reversal? And I'm talking maybe some months down the line, but what's your opinion on that one at all? I think that gold's kind of finding its stability range right now. I think that it definitely over time, I think it's more of a bull than a bear. I think that there's a lot of issues as the economies are starting to find with inflation and what have you is there's slowdowns going on and manufacturing and other things like that. I think that's kind of putting in a little bit of a little strangle hold on demand for gold, because gold right now is set on a manufacturing for industrial purposes, that's where the stranglehold is. We know there's a demand as far as like a hedge for inflation right now, obviously. I mean, demand in India and China is very, very high for gold that's not gonna wane anytime soon. But there's other mechanisms that are being held back and I think that's why you kind of have this range situation setting up. But I think the bull is there and it's gonna continue to go higher, especially as inflation really starts to hit really bad over the next few months. So I would think that in three, four months from now, you're gonna see gold a lot higher than it is right now. Nice. So let's talk a little bit of crude. You referenced it a little bit with the yen, but we're sitting right at about 120 bucks. It is remarkable, man, when I put up this chart, you have the, now I have it on a weekly, Teddy, just real quick, going back three or four years to get the full move from COVID. The move really began, you could say in November, right? When you're sitting at 66 bucks, but it almost looks Teddy like it began when this thing was at the Doldrums in April on my continuous, I got it at $6.50. And like you say, almost in the end, yeah, we have some pullbacks, but it's been higher highs and higher lows the whole time. Just zooming in on this recent action though, what's your kind of short-term to medium-term take on where we may see crude in the coming weeks or months as we go into summer driving and summer trading as well? Well, you know what? The reality is the demand is there because it's kind of funny, like obviously during the pandemic traffic and stuff like that died down. I mean, I'm in a very metropolitan area in Chicagoland. You got over 10 million people living in this area. The driving habits of people definitely had changed during the pandemic. People started coming back to Trader Joe's when things opened up, but you saw a lot of, like for instance, rush hour. It was from like 4.30 to 5.30. By 5.30 everywhere, there really wasn't congestion up until recently. Now it's back to normal, like we're talking about it one o'clock, two o'clock in the afternoon, rush hour starting and driving times are just escalating. So demand for oil and people are moving or going around. So that's gonna help to drive this. I mean, I think that's, this rally is just, I just don't see it stopping anytime soon. We have, the only thing that we need now is for to have some kind of major increase in supply that could possibly put a drag on this rally. But where is that gonna come from? So unless that factor gets changes, I can't see how the momentum is not gonna change because people may be making choices on what they're doing, but they're still moving around and more than they have been in two years. So I mean, it's the reality. I would agree, man. One of my friends was talking about yesterday. He works in downtown New York City. And I think he's in World Trade Center one and he was saying that they have signs there now that they're 95% leased out in that building, which, and he was saying, we're back baby, we're back as in just kind of what you're saying. People are back and I'm sure there's gonna be variations depending where you are, how many people are back working. I know we're not back to pre-pandemic to that type of degree, but that statistic itself was kind of startling to me. And you're talking about it in a city like Chicago, man, people back on the roads. Well, Teddy, listen, I was telling my dad yesterday, I appreciate this segment you do, man. Looking at that yen yesterday, I really have a pretty understanding more so than when I started talking to this pop. We appreciate it, Teddy. We'll talk to you next week, man. See you next week. Thanks so much.