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KayansMarkets
Jan 15, 2021 3:07 PM

Buy Brent Crude Oil + Long CAD & NOK Long

Norwegian Krone / Japanese YenFOREX.com

Description

We look at why Oil prices are supporting the Commodity-linked Canadian Dollar & Norwegian Krone.

I analyse how markets use Manufacturing PMI data In the U.S to know when to buy and sell Oil based on demand expectations driven from Global growth.

We can take the following trades

BUY CAD/JPY
BUY NOK/JPY
SELL USD/NOK
SELL USD/CAD
Comments
pchu0946
Great analysis! thank you.
Investroy
Interesting chart, much appreciated!
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