Hello Guys,
I am looking for longs on cad pairs. I think with the ongoing opec meetings with russia the top suppliers we are likely to hear of a cut coming which would improve the price of oil and CAD. I can see them talking about cutting oil supply or all of a sudden oil tankers getting attacked after the meeting which would cut the supply of oil worldwide. Oil has been extremely cheap with the corona virus taking its toll and OPEC has been forced to act. We already know the Libyan dictator has cut his supply by quite a bit . Heading into this week i was only looking for short on CAD and OIL but with the OPEC meeting i have to change my bias
I am looking for longs on cad pairs. I think with the ongoing opec meetings with russia the top suppliers we are likely to hear of a cut coming which would improve the price of oil and CAD. I can see them talking about cutting oil supply or all of a sudden oil tankers getting attacked after the meeting which would cut the supply of oil worldwide. Oil has been extremely cheap with the corona virus taking its toll and OPEC has been forced to act. We already know the Libyan dictator has cut his supply by quite a bit . Heading into this week i was only looking for short on CAD and OIL but with the OPEC meeting i have to change my bias