EXNESS - Analytics


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    USDCAD: adjustment from the level of 1.3278

    Sell on a level breakthrough of 1.3278 with 1.3190 target. Stop loss = 1.3328.

    Reason for the trading strategy

    According to Baker Hughes, the number of oil rigs in the US declined by 9 to 555 last week, and the number of gas-fired plants reduced by 4 to 189. Their total number decreased by 1,173, or 61.2% over the past year. Such dynamics may result in a significant reduction of oil production in the United States in Q1 2016. In the medium term, the WTI crude oil price could rise to $50 per barrel.

    USDCAD, H4


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