9 months extensions has widely been recommended

Comments will roll in the whole day. The unknown factor is still Russia although yesterday Opec said they were on the same line.
Cad has been weakening into the event as oil found a top. Hedge funds have been unwinding longs this week. A 6-9 months extension to the current OPEC pact is not impressing many,
as the rest of the world continues to produce at high levels. I expect USDCAD to find support in the 1.2850 , if not 1.2800/10 zone fo ra break of 1.2915 soon. Small long , looking to add on
the lower support.

Here’s today’s OPEC schedule

USDCAD D1 30.11.2017

WTI cont D1 30.11.2017

K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here
K-man

Latest posts by K-man (see all)

Pin It on Pinterest