To go higher, oil needs to keep gaining levels. Looking at the four hour, it looks like momentum to the upside has been slowing down, notice the smaller candle sizes.
If we don't make a higher-high, then we're probably going to go back and test support. And, I have a feeling that bid support lower is not that strong.
If oil prices turn south, then CAD/NOK/NZD/AUD will also go lower. (FX)
If we don't make a higher-high, then we're probably going to go back and test support. And, I have a feeling that bid support lower is not that strong.
If oil prices turn south, then CAD/NOK/NZD/AUD will also go lower. (FX)
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