USDCAD Long - Oil Shorts About to Pay
I first took a short in oil back in June of 2022. This on the heals of identifying several short-equity opportunities in "household favorites" like Tesla and Bitcoin and Mickey.
It has been a long steady grind lower in oil, but opportunistic nonetheless. What oil has not yet done, is give us that really deep, nasty drop at the end of its death-grind lower (an obvious place to take profits - where everyone else tends to be too late and get burned) However, USDCAD may be telling us that move (nasty drop in oil) is nigh.
Happy hunting.
God bless!
It has been a long steady grind lower in oil, but opportunistic nonetheless. What oil has not yet done, is give us that really deep, nasty drop at the end of its death-grind lower (an obvious place to take profits - where everyone else tends to be too late and get burned) However, USDCAD may be telling us that move (nasty drop in oil) is nigh.
Happy hunting.
God bless!
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