WTI likely to continue south after closing today below the . In line with broader commodity sell off, it looks like disinflation is occurring right now, for CAD AUD and NZD. Although NZD has been given a boost by yesterday's GDT beat, AUD and CAD are looking , especially against safe havens CHF and JPY. See my short ideas on AUDCHF and AUDJPY for more details.
Comment: Also note the formation of a bearish double top, best seen from weekly. This implies WTI to drop to a potential target of $30.