FX And Oil Week Ahead: USD Bulls Playing With Fire?

Posted by The Market Master

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USD range bound for now, likely near interim bottom.

This week is a tricky week, though given the risks of a no agreement at the April 17 OPEC meeting we think short term traders can sell WTI at current levels with a stop at $41.80. However, we do note that this is an extremely high risk trade which we prefer not to put on if given a choice.

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….read entire article with 6 charts and analysis HERE

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With friday’s over $2.00 jump in the price of oil: Canadian Dollar Retakes Key Level as Oil Prices Soar