SIMPLE... Thank me later.

FX:USOIL   CFDs on Crude Oil (WTI)
We are looking at price making a move into our resistance area ( green zone ) As you can see it has been used as strong resistance before and we have some high impact CAD and USD news due out this week which could push price into this zone sooner rather than later, because as you should know if you trade oil that oil has a negative correlation with USD CAD so When oil goes up, USD/CAD goes down. When oil goes down, USD/CAD goes up.

So its pretty simple really...


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