Sell on a level breakthrough of 1.2832 with 1.2700 target. Stop loss = 1.2882.
Reason for the trading strategy
According to the US Department of Energy, the US crude stocks rose by more than 7.5 million barrels by the end of last week, but the production in the country fell by 76 thousand barrels per day to 9.1 million being the minimum of 11 months. The data provided support for the oil prices and the Loonie.