IvanLabrie

Oil/Cad: Gigantic spread spotted

IvanLabrie Aggiornato   
TVC:USOIL   CFD Petrolio WTI
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.
Commento:
Commento:
Acting well, CAD outperforming oil.
Commento:
Commento:
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.
Commento:
The spread will probably close, but I think it means oil will drop faster than CAD for a while.
Commento:

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