TRDVMA

Calm seas before Oil drop?

FX:UKOIL   Crude Oil (Brent)
39 0 1
As suggested before, the Oil             prices are making hourly corrections after a full wave pattern (1 to 5) has completed down. Currently corrective wave C seems to be in the making. From the completion of Wave C, we shall be on the look for sharp breakout in the down direction. If such a move occurs, it could be a good position to buy USD against CAD.
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