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July 2, 2019 | USD/CAD vs. Oil: Maybe a top in oil? Will CAD follow?

Jack has over 20 years experience in the currency, equity, and futures arena. He is an investment advisor who has held key positions in brokerage, money management, trading, and research. Jack is founder and president of Black Swan Capital LLC. He was also founder of Ross International Asset Management (specializing in global stock, bond, and currency asset management for retail clients) and General Manager of Plexus Trading (specializing in currency futures and commodities trading).

The oil price rally may be complete….we are bearish on oil…daily view below:

070119 oil daily.png

If oil breaks again, will the Canadian dollar follow? Below shows USD/CAD vs. Oil Price (inverted in red–dotted line) 4-hour basis…

070119 oil vs cad.png

We remain long USD/CAD

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July 2nd, 2019

Posted In: Black Swan Currency Currents

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