Fundamentals:- We are expecting weaker data coming out from USA in terms of CPI, PPI and retail sales this week and on the Canadian side we are expecting to see an increase in inflation. We do need Oil to find support in order for this trade to work and will watch the correlation throughout the trade.
Technicals:- We are experiencing a pull back from the correction of the January high but with each previous pull back the price has rejected the 200 MA we are looking for that rejection again now.
Technicals:- We are experiencing a pull back from the correction of the January high but with each previous pull back the price has rejected the 200 MA we are looking for that rejection again now.