Oil traders were waiting for that...
The inventory data came out higher than expected and crude oil prices dipped, then ripped higher. Traders were waiting for that one it seems.
The USDCAD had responded by sending the CAD higher (the USDCAD lower).
The 12 days of higher closes, is now on the 2nd day of lower closes and the price is moving toward the 50% retracement that move at 1.42509. That level should attract some attention if approached but with oil leading the way and stocks looking for that excuse to do it's own correcting, there should be stops on a break below.
