July 12, 2011
- in Uncategorized by schooloftrade
Day Trading Crude Oil using the Canadian Dollar Correlation
Canadian Dollar (CAD) News Day Trading Crude Oil
CAD = Canadian Dollar
News from Canada.
Canada exports large amounts of crude oil.
When we have important Canadian news, we have to pay attention to the crude oil futures.
1030am today we had ‘Leading Indicators’ in Canada.
Bullish for the CAD News = bearish for crude oil
They see things improving in Canada, so therefore things are easier to afford, and therefore the demand for higher prices drops.
We used this info to make an educated decision trading crude oil futures.
Where do we find a schedule for Obama’s speeches? Check with the circus? J kidding.
