OPEC-ally yours

2018년 6월 24일The week begins with the recent OPEC remarks. As reported, the supply of oil is increased to 1M barrels a day and this is music to CAD's ears. With CAD being more stronger, there are significant possibilities that the pair will go further down.

Strong technicals here. USDCAD broke the 4 and 8 day trend respectively. It tested a one year resistance and nothing more is needed. Divergences too are spotted.

Ok so let's get this straight. You can't expect anything till the market open. First identify the volume in the opening bell. Afterwards, it should determine the trend direction. Hope it will be bearish. Do trade cautiously and on your own risk.

Thank you.

Riz.

2018년 6월 28일

코멘트

Claps to UC longs...

2018년 6월 28일

코멘트

Short reminder from daily chart:

2018년 6월 29일

코멘트

This is only the tip of the iceberg:

2018년 6월 29일

코멘트

2018년 6월 29일

코멘트

Divergence!

2018년 7월 2일

거래청산: 타겟 닿음

2018년 7월 2일

코멘트

Targets reached. Super selloff that. Good one. Now it bounced off the 200 period SMA and is going up. This was a good trade! Thanks guys!