 Let's jump over to our man, Teddy Kegstad. We talk to Teddy folks every Wednesday at 40 past the hour. Put it on your calendar. You can reach Teddy every trading day at forex-trading-unlock.com. Teddy Kegstad, good morning. Good morning, Tommy. Boy, so I was jumping around to some of the forex markets. We can jump into that, but I know everybody loves your take recently on the crude market. Volatility persisting, man. The market down about five bucks. I'll put it on a short-term 15-minute chart. Yeah, $5 and change. We're at 115 yesterday, Teddy. We're back to 110. What's your take right now on this crude market? Oh, I think we're going to keep on pressuring resistance. And I think it's pretty obvious that the bulls are in control right now. And I see us getting back above that 116 level and going back up to 120, I think, pretty solidly within the next week or so. I just think the trend is really, really supported right now. Tough to argue against that one to put it lightly, man. For listeners out there, Teddy, they're thinking about trading crude. I don't really trade crude at all. I don't trade much futures in general myself. But for those looking to trade this market, I mean, I wanted to talk about this because even as a bull, right, you got a drop from yesterday of $5 in a heartbeat, nothing really dramatic. I put this thing back to last week, and thanks so much for filling in doing the program last Wednesday. You had crude last Wednesday. Early overnight started $98. You must have had a heck of a program, man, because crude made it up to 106 during the day, makes it to 115. But how would you think about trading this if you do trade it when you have $5, 6, 7, $15 swings even within a larger trend? Well, that's a really good question because with this kind of volatility, I mean, the margins on crude are very, very high. And here's something also. When you look at the crude market, unlike most futures contracts, it has monthly expirations. So that rollover to begin with is constantly going on. So that already has a big deal to do with pricing. So if you're going to trade the crude market and any type of trend, you have to really be aware of that to begin with. So which month you trade, whether you're trading the front month or one of the back months, that's going to be something you have to take into consideration. And also your risk levels. What's your risk reward? Right now, you have easily $5, $6 swings in the oil market. So if you're having $5, $6 swings just in a normal gyration, what are you looking to capture? I mean, you've got to look to try and catch a $25 move. So you have to have a big capital outlay for trading it. So I think that's the one thing you have to be careful with. And options are probably the way to go. Nice. It's a great point, man. And not a lot of people would probably think about it in that capacity, and they should, folks, because it's all about risk reward. And yeah, you better realize that even if you're a strong bullman, yeah, there's going to be $5 moves in a heartbeat. No real news from yesterday to today that would really drive that market down. I mean, I'm sure there's news. But you're barely off of the highs. We're at $98, as I said, a week ago. You bought that. You're up $10. But guess what? You had to take a $6 swing to the downside during that. Let's jump into four. You brought up a good point, too, real quick, Tommy, is that when you talk about the futures, this goes with treasury bond futures, too, and tenure futures. One of the ways that I still trade those futures, but I trade them mostly even oil, I use the currency markets through it. I use the yen as my way of trading oil and the bonds. So you've walked me through that before, Teddy, but we got a bunch of new listeners, and I love the way that you walk through the yen, oil-intensive producing economies. Can you walk the listeners when you say that real quickly, how they would do something like that in terms of what currencies move and why they make those moves? Because I think that's a great education you've walked us through before. Sure, okay, so for instance, like how we're gonna talk about here is how to use oil and interest rates. The US dollar yen, we know that interest rates are a function of currency pricing to begin with. So the bullishness of the interest rates in America are definitely bearish for the US dollar, or bullish for the US dollar yen cross. Then you couple it with oil with a very strong bullish trend that we have right now. Japan's a completely oil-dependent country. They don't produce oil. So with this type of trend going on that also gives it bullishness to the US dollar yen. So that's how I use those fundamentals for those markets where, am I currently in an oil position? Not exactly, but I am because of how I'm using that trend to trade another market. I remember the first time you went over that example, man, it was a great example for people to understand what really drives some of the currencies, man. And what drives it is real life. We're talking about commodities, purchasing power, whether we all know interest rates, of course, as well. So the yen, I got the yen up here on a daily. We make it to 131 and change a couple of weeks almost. You had a little bit of a pullback, what day is that? Was that the day you were on the air? Day after you were on the air. Kind of chopping around between 128 and 130. What's your take with the dollar yen coming up? Well, that's an interesting trade, especially right now as we're talking it's pretty much offered, it's laying on the lows of the day. And irony is that the other markets are kind of flat, oil is only slightly up or whatever right now, interest rates are flat. The yen right now I think is just in a chop zone. This is just a consolidation period. Remember that the US, or excuse me, the Japanese central bank and their finance ministry were gonna try and defend their currency originally a month and a half ago, that's what they were talking about. They have yet to do a thing and we've been bobbling between 128 now and 130 now for what is it, a week and a half, two weeks. So it's interesting, I think that as long as, the bluff has been called on Japan. So I believe that as long as the interest rates are under pressure and as long as the oil starts to continue to press resistance, that the US dollar yen is gonna definitely probe higher highs. Yeah, maybe a little bit of consolidation there after accelerating from remarkably in March, man, 115 to 130 and change. You have a fair chance setting up right now. Yeah, no, I could see it, man. I mean, there's no real weakness. I see a consolidation, if anything, man, at the highs and things can't go up forever. Consolidation sometimes, if you're bull, is a nice thing to get a little break before that second charge higher. What other currencies with movement, Teddy? I was looking at them. We just had a little bit of a chop, maybe a little bit of pullback from the trends that you've been talking about recently. What other currencies are you looking at on your radar this week? Well, definitely the Euro is something I'm looking to sell rallies in. I don't see it finding any truce bounce, actually. Now, interesting enough, we've had a little reprieve and dollar strength with those currencies over the past few sessions. And I would be very careful right now. I think that you're kind of finding a point where you can start to sell into the Euro US dollar as well as the pound US dollar. Now, the US dollar Swiss, we hit parity already. That was pretty interesting, remember? We were talking about that weeks ago. I thought we wouldn't hit parity until at least June, something like that. And like a balloon underwater, we've done it. So it'll be interesting to see how weak, and I have to say, I think that we're seeing with the Swiss franc is that this whole Ukrainian-Russian thing, when they opened up the doors to as far as what's going on with Russian customers and stuff like that, that changes the whole value of the Swiss franc. Switzerland is no longer a neutral country. And I think that we're gonna start just, we could see the US dollar Swiss get up to like 120 or something like that if the world really starts to view Switzerland as no longer anything more than just a little European hideaway. Okay, and we got 30 seconds, man. Are we gonna get parity in the Euro US dollar? When is that coming, man? Oh, absolutely. That's coming. That has to, if we have parity in the Swiss and we have the US dollar yen going like this and even the pound is bashing lows, how can the Euro not collapse, you know? Just amazing. It's going down below parity. Amazing moves. I got them up on the charts and just mammoth moves as we know. Teddy, we appreciate the conversation. The education as always, man. We look forward to talking to you next Wednesday, man. Sounds good to me. Have a great day. So you guys have a great one as well. Stay tuned, folks. We'll be right back to finish up the show.