Price broken through 72.50 support after a strong selloff. Watching for price to retest 72.50 as new resistance for a move down to the ascending trendline. If there is a break of the trendline, Oil has a good chance of rolling over.
Comment:
perfect retest of broken support as resistance, & price is now headed to the uptrend line. A break of this will send price lower & bring a weaker CAD.