peterdcharlebois

CRUDE inventories - falling like a stone. USDCAD to rise

FX:USOIL   Crude Oil (WTI)
oil
92 2 1
oil
Crude inventories news release causesOIL to turn hard from its 6 month high. This could be the tempory top for now and should cause the USDCAD             to at leats correct for a few days or weeks.
I'm very surprised to see this much retracement. It's gonna get volatile.
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So OIL did make one more top... and Bam.... I think there is more retrace to follow. It certainly took the USDCAD with it.
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