Hello guys,
In this video i show why i see a long in usdwti. My long biased supported by fundamental-analysis of the pair. Oil has been extremely cheap this year. It is currently at levels where banks and hedge funds see as areas of interest offering lower risk and high reward for long. Although the oil inventory counts have been rising of late,Keep in mind that opec and many oil producers are looking to cut production hence shorting oil at any point will be risky its safer to only look for buys and ride the big hedge funds expectations. Cad will also see some strength since the cad economy is highly dependent on oil
In this video i show why i see a long in usdwti. My long biased supported by fundamental-analysis of the pair. Oil has been extremely cheap this year. It is currently at levels where banks and hedge funds see as areas of interest offering lower risk and high reward for long. Although the oil inventory counts have been rising of late,Keep in mind that opec and many oil producers are looking to cut production hence shorting oil at any point will be risky its safer to only look for buys and ride the big hedge funds expectations. Cad will also see some strength since the cad economy is highly dependent on oil