TRDVMA

Brent Oil testing major support again

FX:UKOIL   Crude Oil (Brent)
310 0 3
Sofar, oil             followed our ABC formation, albeit C ended up at a lower point. Next target is down to 42$ range, if the price can penetrate the strong support (shown as green box on chart). Piercing thru this support could mean easily 1.36 for the USD/CAD             pair, whereas the daily trend line channel extends. We'll wait and see. Oil             situation definitely favors USD against CAD.
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