Full view of oil price action. Now awaiting for the OPEC Report release. Watch for the price action.
Testing 87.478 again if price does not break up then if could test 0.618 and 0.5 Fib Level
USDCAD is still in the uptrend the channel, if the price does not break the support line then moving up is more likely.
Opec members have cut their production and some cut even more than expected. this could mean a new high price on Monday. Opec will have a summit later on Monday morning. Prie could experience a new high.
Sterling is facing resistance, the price might test 0.618 Fib level before moving up again.
Price is currently unable to break previous structure resistance... Oil has been in a channel for a while. Let see if the price would drop below 50.
if price does not break the structure . It might go down to 1221