Brent Oil Could Head North!
Gold remains still despite having to potentially face the resistance at the level of 1976.50 soon. The asset might pull from this level down and drop to gain the required support at the level of 1880.00.
Brent oil remains in the supporting zone formed between the levels 97.00 and 100.00. This zone also represents the lower boundary of our potential triangle. Currently, it seems that oil might pull back from the level of 100.00, target the level of 120, and break the upper side of this triangle.
Last Friday the USD/CAD formed a shooting star, which is touching the resistance at the level of 1.2610. Hence, the asset is likely to drop till the supporting level of 1.2450.
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