The recent rally in oil price continues 6 Nov
WTI highs of $56.28 posted in a rush as stops get triggered through $56.00 but falling back as I type to $55.97 as sellers step in.
Greg posted some t/a on Friday which highlighted a target of $56.51 initially and noted a mid-2015 consolidation range between there and $61.82
Optimism on the oil output cuts making an impact helping the firmer tones.
USDCAD turning down a tad at 1.2761 after earlier capping at 1.2780. Decent offers there and 1.2800-20. Support/demand 1.2750 and 1.2720.
