zcsniper

WTI sitting low but looking strong for a long position

Long
FX:USOIL   CFD Petrolio greggio (WTI)
I believe USDCAD has found it's resistance an will be supporting around 1.10-1.14 for the rest of the year. Noting last year USDCAD and WTI were heavily correlated its good to see now they are working against each other. WTI is holding up at 76.80 but we might see it wither down near 76.00-75.50

I'll be opening a long @ 77.25 up to 81.

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