Today's market opening brought the expected price gap on oil and most currency pairs after the Sunday's OPEC meeting. OIL is deemed to be under preassure for the next few weeks. Nevertheless, do not count on a sudden steep drop in the price. Speculation and market maker's fakeouts will play out a vital role in the price action. I expect the price to move slowly downwards with big rebounds.
On a currency arena the biggest looser of the OIL depreciation will be CAD. The USDCAD has gapped up throug…
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