So far our analysis holds for the oil. Our projection area holds. The fundamentals of oil are weak (oilprice.com/Energy/...ading-Back-Down.html) and we are watching a breakout at current levels (dotted yellow line). The thrust can easily turn into a 3rd wave down, Impact on oil dependent currencies like USDCAD, which will push USD higher. Also the referendum in Greece on Sunday is important for USD behavior. We are currently bearish on Oil and Canadian dollar.