On weekly basis, it seems that the price has retested the 49 level, which also be supported by 200 MA.
A forming pattern point out 3 key levels above, and u shall find entry point from smaller timeframe chart.
In 4H chart, signals can be seen from , together with the rally bars, back to rising , really strong momentum.
Fundamentally, tension between USA and Iran as well as fule demand may drive the price getting higher. Efforts from OPEC to reduce the general output also shall not be neglected.
And oil price is negative to the USDCAD pair, one of the reasons I posted idea on CAD.
Judging by muiltiple signals both FA and TA side, upside prevails, watch out the EIA report this week.