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.
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Acting well, CAD outperforming oil.
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Exit CAD longs, hold oil short.
Trade closed manually
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Oil didn't top yet, and it's unclear how it'll evolve from here, better be flat.
Trade active
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I reshorted oil after it turned down today.
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The spread will probably close, but I think it means oil will drop faster than CAD for a while.