Buyers with there foot gently on the break

- We see that oil in currently in a sideways market at the moment hitting a resistance line
- We should expect for oil to be bearish due to the hitting of a resistance line, however the moment while fading is not yet as strong as we might have hopped for.
- Depending on the OIL reserve news to come out on Wednesday should give us a better picture of whether or not oil will be bearish.

- Check out the CAD analysis as OIL and cad go hand in hand

Lets wait and see if this week will be the oil week

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Due to the oil reserves being low oil price is pushing higher. Looks like the trade to go short isn't a good idea.