USOIL burns markets

USOIL recent rally is hurting markets and it needs to calm down
many factors will push to calm down this movement (technically, economically, political)
81.30-70 current resistance will shape today markets
if it holds, jpy pairs will decline from current highs (great zones for swing sell trades)
if it holds, CAD pairs will end this recent euphoria and decline (swing it)

評論:

The mentioned resistance worked nicely and price retraced, we need to see this reversal continue for the next sessions till finally break 75.00 support confirming reversal.
Invalidation will be breaking and daily closing above 82.00
CAD showed pausing of its recent rally, also JPY pairs paused
Bears are coming