TRDVMA

Will Oil bounce back up?

FX:UKOIL   Crude Oil (Brent)
89 0 0
My prediction of 37$ failed slightly short at 36$. Currently the price is at a support level (violet line) and I don't see any bullish sentiment here (yet). I don't know if it will make another attempt from here to 37$ levels. However having said that, USDCAD             pair is so weak that if keeps on falling even with falling Oil             . If Oil             turns bullish the fall of USD against CAD will only accelerate. I would recommend not to long USDCAD             at this very moment. Good Trades.
Comment: Oil definitely Bearish and I doubt pretty much now whether it will go to 37$.
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