Oil/Cad: Gigantic spread spotted
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I think it might be a good time to trade this pair, short oil, long cad. You can size each leg based on volatility, to risk 1% per side, if price moves against you by 3 times the average true range value of each instrument. Once the spread closes or is close to closing you can get out of both trades.
Good luck,
Ivan Labrie.
Good luck,
Ivan Labrie.
Nota
Nota
Acting well, CAD outperforming oil.Nota
Nota
Exit CAD longs, hold oil short.Trade chiuso manualmente
Oil didn't top yet, and it's unclear how it'll evolve from here, better be flat.Trade attivo
I reshorted oil after it turned down today.Nota
The spread will probably close, but I think it means oil will drop faster than CAD for a while.Nota
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