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4.17.20 US citizens should be trading the oil futures, not the Forex oil even though they correspond very closely, you should take a look at this video. I showed some follow-up on gold; and I give a brief review for new followers on how I view the market. Please give a thumbs up if you like the video.
9 Apr 2020 recap - just when every one cheers up on a deal among Saudi Arabia, Russia and OPEC regarding production cut, crude oil futures( NYMEX:CL1! ) was sold into strength and broke the support at 24.
Crude oil had a jump initially to test 28 but was quickly rejected and dropped below 24.
Volume has increased during the slump of the crude oil futures...
Currently CL1 decided to retrace off of a DT wick formation on a DBD.... CL1 hit demand and it's on it's way back up, which will cause our USD/CAD to keep shorting
