The Brent Oil increased significantly since yesterday and seems poised for a further increase in the upcoming period. Is trading above the $51.20 per barrel and could approach the 53.03 static resistance if the USD/CAD will slide further. A throwback was expected after the US Crude Oil Levels amazing drop, the indicator was reported at -8.9 million barrels in the previous week, much lower versus the -3.0M estimate. Only a breakdown from the minor ascending channel will signal a further drop.
