The cat is firmly among the pigeons
I wrote the other day that it will take some concrete news and numbers to see oil really fly. This might be that time now but I'm still cautious as this news needs confirming from other sources, and most namely the Saudi's
Brent has now broken into 35.00 and faces stiffer resistance at 36.00/15
Brent Daily chart
That level may be enough to hold this move while we wait for confirmation but it will count for nothing if we get it
WTI has followed Brent up too and that's caused 1.4000 to be broken in USDCAD. That was a fairly sizeable tech level but as I've also warned previously, the tech counts for nothing vs oil related news right now
USDCAD H4 chart
1.3830/00 would be the next big level to watch
