]Hello everyone, just my view on USOIL. I don't trade cad pairs because it is so heavily linked with USOIL and I haven't had the best track record with cad pairs. However just for analysis purposes I am posting this chart. By this count we can see that USOIL has broken a very crucial reversal channel. One might have a chance to sell this pair since I am expecting a minor pullback towards the top trend line. Break of the ABC flag will take down this pair to lower lows and the weakness in CAD could be at an all time high.
