Crude Oil pulls back to major support
Crude Oil futures collapsed to a key support level after breaking their RSI Triangle structure.
Looking for a bounce up to the top of the box, where I will flip to a short.
USDCAD seems to be confirming the weakness in Crude Oil, with the Canadian Dollar closing with a Key Reversal Day yesterday. A bounce to the top of the box might offer a compelling selling opportunity.
Looking for a bounce up to the top of the box, where I will flip to a short.
USDCAD seems to be confirming the weakness in Crude Oil, with the Canadian Dollar closing with a Key Reversal Day yesterday. A bounce to the top of the box might offer a compelling selling opportunity.