Oil, natural gas, and the USD/CAD pair are currently experiencing a period of consolidation as key levels are being closely monitored by traders.
Oil prices have remained relatively stable in recent days, with WTI crude hovering around the $70 per barrel mark. Natural gas prices, on the other hand, have seen some volatility as colder weather in the US has led to increased demand for heating.
The USD/CAD pair has been trading within a tight range, with the US dollar struggling to gain momentum against the Canadian dollar. Key levels to watch for in this pair include the 1.25 support level and the 1.28 resistance level.
As we move into the winter months, seasonal factors could play a key role in the movement of these commodities and currency pairs. Traders will be keeping a close eye on any developments that could potentially break the current consolidation patterns.