- We see that oil in currently in a sideways market at the moment hitting a resistance line
- We should expect for oil to be bearish due to the hitting of a resistance line, however the moment while fading is not yet as strong as we might have hopped for.
- Depending on the OIL reserve news to come out on Wednesday should give us a better picture of whether or not oil will be bearish.
- Check out the CAD analysis as OIL and cad go hand in hand
Lets wait and see if this week will be the oil week