workingtraders
Long

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

NYMEX:CL1!   Light Crude Oil Futures
127 5 2
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

snapshot

snapshot

it has to break UP ^_^
Reply
IvanLabrie PRO jangseohee
Nice, and I agree.
+2 Reply
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.
snapshot
Reply
workingtraders 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.
+1 Reply
PriceActionTrading workingtraders
Yes definitely. Over that candle will change my view.
Reply
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