Sorry, you need to enable JavaScript to visit this website.

USD/CAD Signal - API Weekly Crude Oil Stock - 09 Feb 2021

You are here

»
Signal Details
Entry Price: 
1.27280
Take Profit: 
1.26850
Stop Loss: 
1.27800
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USD/CAD is trading to the downside today prior to the API Weekly Crude Oil Stock. API’s Weekly Statistical Bulletin (WSB) has reported total U.S. and regional data relating to refinery operations and the production of the four major petroleum products: motor gasoline, kerosene jet fuel, distillate (by sulfur content), and residual fuel oil. These products represent more than 85% of total petroleum industry. Technically the pair is trading below the 50 moving average, and we anticipate further downside on the USD/CAD into the 1.26850 level.

Submitted by Toni H. on Tue, 09 Feb 2021 05:23:02 GMT

Live Broker Spreads

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

Site Pages

Legal Pages

Social Corner

Trading tools