CannonTrading

Loonie turning up on longer term charts

Long
CME:A61!   None
As commodity brokers, we are no doubt always trying to ascertain what type of market we are currently in for Commodities; Bear, Sideways or Bull, in order to better assist our client base. One of the indicators we look at are a technical analysis of the often referred to "Commodity Currencies" the Aussie Dollar and the Canadian Dollar (the Loonie), A crossover of the more sensitive , shorter term moving average is about to occur from underneath the slower, longer term SMA, indicating a potential Bull market for the Commodity Sector.

Important: Trading commodity futures and options involves a substantial risk of loss.
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There is not an actual account trading these recommendations.
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