Brent Crude OilLong
Brent to 83 this week
Day 46/100
- Clear break of 78-72 range
- Retested 78 as support
- Expecting more upside into 83 at least by this week
Implications on FX
- While CAD may be dragged down by USD underperformance, OIL may give it some boost as we expect upside momentum to resume briefly
- Clear break of 78-72 range
- Retested 78 as support
- Expecting more upside into 83 at least by this week
Implications on FX
- While CAD may be dragged down by USD underperformance, OIL may give it some boost as we expect upside momentum to resume briefly
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