Crude oil near important supports area (between $33 and $27.65)
Crude is reaching important Fibonacci projections, at important graphical support. USDCAD near key resistance around 1.4250 while copper is at important monthly support on trendline linking the lows near $1.95/$2.00.
The whole commodity complex seems due for at least an important rebound, at least the risk/reward is starting to be interesting.
The whole commodity complex seems due for at least an important rebound, at least the risk/reward is starting to be interesting.