As previously stated in past posts CAD and oil share an inverse correlation. Im expecting light data that the market will knock the CAD down a tad. The result will help be supportive to oil prices. I expect a measured bounce to the middle of the channel. Im positioned 10 USO calls for .06. so risk is $60 but my upside target is roughly 50-200%
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.