Oil rebounds

WTI crude oil has made a quick move into positive territory on the day. It's now up 2 cents to $51.56 after falling as low as $50.43.

USD/CAD is under some pressure on the rebound. It's testing the lows of the day at 1.3253. Watch the late Friday low of 1.3251. A break below could trip stops.

There's also a bit of minor head-and-shoulders top forming on the short-term chart: