Hello Crude as well as USDCAD has been ranging for some time and a big move was expected sooner rather than later. Looks like its much sooner than most anticipated. With the OPEC announcement for limited oil production in number we might have just found the catalyst for the big move in cad as well as crude. I haven't been tracking crude but i have been tracking USDCAD for some time which can be seen in the charts that i will attach with this post and both of them permit this move technically which is what my analysis is based on.
Trade closed: target reached