Considerable Drop in Oil in last few hours.

FX:UKOIL   CFDs on Crude Oil (Brent)
42 0 1
But, USDCAD             did not quite follow. Could mean that USDCAD             is extremely overbought already. Oil             is touching a significant resistance and wave 3 is bound to complete soon. This fact indicates that a correction in USD/CAD             bull trend may be due shortly.
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