ICFX

Bullish exhaustion

Short
TVC:USOIL   CFDs on WTI Crude Oil
Price formed a sort of an apex - liquidity block and very soon there will be breakdown or breakout from that box. From very weak bullish rise we can see that bids are exhausted and price should seek liquidity lower running down to the next major liquidity base to fill that low steam bid rise.

Top Absolute Correlation 1 Day

1 XTIUSD - XBRUSD 98.6%
2 XTIUSD - GBPNZD 74.6%
3 XTIUSD - GBPCAD 68.2%
4 XTIUSD - GBPAUD 67.9%
5 XTIUSD - GBPMXN 67.2%
6 XTIUSD - GBPSGD 66.9%
7 XTIUSD - GBPUSD 64.1%
8 XTIUSD - EURGBP -63.4%
9 XTIUSD - EURCZK -62.5%
10 XTIUSD - GBPJPY 61.0%


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