We emphasize that this is a “trading call”. As the Euro short-covering rally runs its course, the dollar is likely to recover and stabilize for several weeks, if not longer. We anticipate a rally for oil and oil-related securities to resemble the sharp rise off the August bottom, which faded just as quickly as it began. Fears of rising production from Iraq, Iran and even Libya coupled with the lack of a new demand catalyst will likely return downward pressure on crude within weeks.