Блог AdamFx42

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Going off topic for a moment

I wanted to share a (crude) possible long trade with you
I have been reading a bit about oil this weekend
Although long term trend is pointing down, there is a possible short term buy opportunity
This weekend Saoudi Arabia presents an ultimatum to Qatar
This could possibly lead to unrest and the price of oil rising short term: (source)
http://www.forexlive.com/news/!/the-saudi-13-part-ultimatum-to-qatar-is-insane-20170624
Technically, I see a possible support level for oil:
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Gearing up for a new Contest period

Trouble in the middle east to start Oil rally?
Recent unrest in Saudi Arabia may well cause oil to rally at market open
Historically, when there is trouble in the middle east, oil goes up
Seeing as we do not trade oil in the contest, I need a currency to trade alongside oil
Cad usually goes in the same direction as oil
So, if oil rallies I will be selling Usd/Cad
Gl all this month
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