The crude is rebounding today, after hitting an intraday low at 69.30 dollars. The black gold is now trading at 69.63 dollars per WTI barrel at the NYMEX.If the demand for riskier assets rises, the crude could rebound to the first resistance at 69.80. Below, traders will focus on the support at 69.32.
Pay attention to the API crude inventories from Canada. If the data beat expectations, the crude and the loonie could give us excellent trading opportunities.
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