GarryBartsch
Long

WTI and USDCAD Inverse Movement

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
43 1 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.
GarryBartsch PRO
2 years ago
Here's the forex pair.
snapshot
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