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USD/CAD Rebounds From Key Support As Crude Oil Retreats

Discussion in 'Technical Analysis' started by Kaitlin, Feb 24, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    After having rallied sharply on Monday, crude oil prices retreated on Tuesday due in part to market skepticism over the adequacy of a proposed OPEC/non-OPEC crude output cap. This retreat was intensified after Saudi Arabian oil minister Ali Ibrahim Naimi commented on Tuesday that despite best efforts to reach an[​IMG]

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