One of the most important charts for currency traders!

Whether you trade oil or not, this is a must watch! Any currency impacted by oil movement (think CAD, NOK, USD) this is a must watch chart. If oil starts to break out and confirms this head and shoulders, we may see the black gold get back into the mid 60's. I know what you're thinking, "there's an oil glut etc etc etc" I don't care and I'm not looking at that, this is a purely technical outlook. If this head and shoulders confirms, we may see this as the result in the near future.

So be ready for what may be setting up. And if you do trade oil, jump on this!