as you see tk and ks crossed each other on 3h time frame below kumo cloud so we are expecting a bearish move and then upward rally around 89 $ because of usdcad retracement and hormonic pattern seen earlier
please see this harmonic pattern as well
and also usdcad retracement
please see this harmonic pattern as well
and also usdcad retracement
Note
a strong cross of ts and ks on 4h time frame indicating bearish move is possible Note
Wednesday's EIA report showed that (1) U.S. crude oil inventories as of October 21 were -1.3% below the seasonal 5-year average, (2) gasoline inventories were -6.7% below the seasonal 5-year average, and (3) distillate inventories were -20.2% below the 5-year seasonal average. U.S. crude oil production in the week ended October 21 was unchanged at w/w to 12.0 million bpd, which is only -1.1 million bpd (-8.4%) below the Feb-2020 record-high of 13.1 million bpd.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.