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.