A good session for the pair so far 2 June
Currently 1.3540 fr0m 1.3508 as oil tanks lower.
Expect some res/sell interest into 1.3560 then 1.3580 and 1.3600. Support/demand into 1.3520 and 1.3500
WTI currently $47.31 from $48.20 . Expect some support/demand between $47.00-20
Brent $49.63 from $50.40. Support/demand into $49.50 and $49.00
Oil continues to slide after the buy rumour/sell fact reaction to the OPEC/non-OPEC oil deal extension as I advised at the time. I hope a few of you got on board the rally/retreat.
USDCAD 4 hour
WTI 60min