Oil/Cad: Gigantic spread spotted

TVC:USOIL   CFDs on WTI Crude Oil
I think it might be a good time to trade this pair, short oil , long cad. You can size each leg based on volatility , to risk 1% per side, if price moves against you by 3 times the average true range value of each instrument. Once the spread closes or is close to closing you can get out of both trades.

Good luck,

Ivan Labrie.
Comment: Acting well, CAD outperforming oil.
Comment: Exit CAD longs, hold oil short.

Trade closed manually: Oil didn't top yet, and it's unclear how it'll evolve from here, better be flat.
Trade active: I reshorted oil after it turned down today.
Comment: The spread will probably close, but I think it means oil will drop faster than CAD for a while.
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Thats magical spread closing! Good one Ivan!
+1 Reply
IvanLabrie KholleKhokk
@KholleKhokk, it tends to close, and it's a good signal for moves in both instruments.
here in canada we produce a lot of maple sirup . it exist a shortage in sirup so $can will go up ;o). have a good year
+1 Reply
IvanLabrie felix997
@felix997, maple syrup! Delicious :p
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