USDCAD CFTC Warning Oil Go Negative
The Commodity Futures Trading Commission Warns that oil prices could go negative AGAIN !!!
As we all know in may April the Future contracts of OIL reach Historical Levels -40$
Now the CFTC warns imilar scenario in comming months.
USDCAD is in a key area for sell.
But fundamentals could make it continue growth.
Plan:
-Look for key levels and see price intereraction
-Levels at 1.415 - 1.430 Looks nice for sell
-No risk more than 55 pips.
-With possible fundamentals influence volatility could move fast
-Look the futures OIL Contracts and the interaction
-GBPCAD Could be a better pair but why not trade two ;)
The Commodity Futures Trading Commission Warns that oil prices could go negative AGAIN !!!
As we all know in may April the Future contracts of OIL reach Historical Levels -40$
Now the CFTC warns imilar scenario in comming months.
USDCAD is in a key area for sell.
But fundamentals could make it continue growth.
Plan:
-Look for key levels and see price intereraction
-Levels at 1.415 - 1.430 Looks nice for sell
-No risk more than 55 pips.
-With possible fundamentals influence volatility could move fast
-Look the futures OIL Contracts and the interaction
-GBPCAD Could be a better pair but why not trade two ;)
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