$CL1! $CADJPY #OIL Strong breakout higher pending.

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Long

Light Crude Oil Futures (NYMEX:CL1!)

NYMEX:CL1! Light Crude Oil Futures

cadjpy cl1! oil

Technicals on the chart

Strong positive correlation between oil and cadjpy

We are starting to see an appetite to buy oil again as crude levels leveling off.

Related Ideas

about USOIL 10

it has to break UP ^_^

jangseohee

Nice, and I agree.

Like your correlation view.
But last week price closed below 100.00 after faking prices as high as 101.135. I wont buy now, could be bull trap. Looking to sell somewhere 100.90 depending on price action.

PriceActionTrading

valid for sure. I feel mostly due to greece risk off. Yen strengthened for that week. A bullish close over that candle would confirm upside for sure.

workingtraders

Yes definitely. Over that candle will change my view.

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