USOIL - Use In Conjunction With USDCAD Article

As mentioned in the previous article, I would drop a screenshot of OIL to use in alignment with the USDCAD trade as they strongly correlate with prices per barrel of oil increases, we expect the USD to drop substantially.

As we can see, a pullback seems inevitable however price is still flying to the upside. I will be holding the risk free USDCAD trade through the news to see what it brings us however this is on my watchlist as i intend to catch both the short and long on the USDxxx trades and CADxxx trades.

Due to the timeframe being on the daily, new candles will reflect relatively late however you can monitor price in the top left corner and look at previous price at the time of this screenshot release. Enjoy.

Comment:

Norway refusing to drill for quote on quote " billions of barrels of oil in the Arctic region." -