GarryBartsch

WTI and USDCAD Inverse Movement

Long
NYMEX:CL1!   Light Crude Oil Futures
1
The two are moving inversely. As very often is the case. WTI is pulling back slightly for the 3rd day. Volume is trailing off. IF the candle has a long lower shadow today - or a medium shadow - I will feel more confident a move up is due soon. The USDCAD has medium upper shadows for the last few days so coming as the do after a drop I am expecting another leg down for the pair. Bullish on oil. Bearish in the pair.
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