We Will Know at Week End the Path of Oil

Oil is USDCAD.

USDCAD is Oil.

It’s really simple.There is a VERY High Negative correlation between the two.

Lately they have both been going up. One of them is lying. I am bearish dollar and USDCAD has started to break down. I think it is USDCAD.

USDCAD breaking down on the Weekly

usdcad.JPG

Oil Headed to 63+

oil.JPG

Advertisements

One response to “We Will Know at Week End the Path of Oil

  1. Pingback: “Dollar Dumps on Trump ” – The Closing Prints – Weekly | The Big Breakout·

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s