WTI likely to continue south after closing today below the bullish trend line
. In line with broader commodity sell off, it looks like disinflation is occurring right now, bearish
for CAD AUD and NZD. Although NZD has been given a boost by yesterday's GDT beat, AUD and CAD are looking bearish
, especially against safe havens CHF and JPY. See my short ideas on AUDCHF
for more details.