After a strong break in oil and a nice rally, we once again see the commodity turn bearish. To start the week, the instrument has been pushed towards the lower end of a down channel without much of a push to move it lower. While at these levels we may see a potential for a correction higher before continuation of the lower move. Please she the 4H chart of oil below.
While above the boxed area, we have potential for a push higher.
A look at CADCHF, shows that though the pair is also in a down tre…
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