WTI crude is testing support ahead of a three-week low

Watch for a break in oil

Just a quick heads-up. WTI crude has come under steady pressure today, partly because of the strength in the US dollar.

WTI crude is down $85 cents to $60.28. A break below last week’s low of $60.13 could set off cascading stops below $60.00 and clear the way to a return to $58.

USD/CAD is back near the highs of the day as crude struggles.

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