WTI and USDCAD Inverse Movement
The two are moving inversely. As very often is the case. WTI is pulling back slightly for the 3rd day. Volume is trailing off. IF the candle has a long lower shadow today - or a medium shadow - I will feel more confident a move up is due soon. The USDCAD has medium upper shadows for the last few days so coming as the do after a drop I am expecting another leg down for the pair. Bullish on oil. Bearish in the pair.
