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EURCAD 24-6-2018

Hi traders,
EURCAD hit the highs after OPEC news 1.5583 but then price has been rejected and heading south after the news.
Attached below is the chart of EURCAD. If price successfully break down the trendline and stays below the 1.5420 level, the move most likely will extend much lower to around 1.5300s
Let's see how the market decides this week.
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USDCAD after OPEC's decision

Hi traders,
The Organization of the Petroleum Exporting Countries agreed on Friday to rein in member production cuts, essentially lifting output to help make up for an expected shortfall in global supplies. The expected output increase, however, appears likely to be smaller than market participants had expected.
This news at first pushed USDCAD much higher to 1.3381 but then after hitting that level it has been a bearish ride since.
Late during US session, the price still goes down and it close …
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21/05/2017


President Donald Trump has embarked on his first international trip since taking office, a five-country journey to meet with some of the most important figures in the Middle East and Europe.
This first foreign trip starts as home troubles mount. Until Trump manages to get ahead of the Russian investigation, his economic agenda will likely remain frozen, or at least with less support than before.
This week offers US Durable Goods Orders and the 2nd estimate for US Q1 17 GDP. Growth is expecte…
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Crude Oil technical Analysis

hello traders ,,,
The price of Crude Oil Continues to run up against long-term resistance when looking at the 2017 Opening Range High of $55.21/bbl and Andrew’s Pitchfork that is drawn off of three key pivots in 2015 and 2016. When looking at the long-term chart, the low volatility can be worrisome. We recently shared how last week; Crude Oil posted its lowest weekly trading range in 13-years.
The volatility has caused many to play a strangle options strategy that benefits off of lower volatilit…
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Loonie stabilizes near 1.34

Canadian dollar sold off strongly against the U.S. dollar after FOMC upgraded tightening path and Yellen used the word "gradual" only twice at the last week's press conference. Oil prices remain firm after OPEC and non-OPEC production cut deals.
The pair sprang from the strong support zone (May - November trendline, 200 DMA, 2009 high) below 1.31 and almost completely retraced the decline from the first two weeks of the month in two days before stabilizing ahead of 1.3455 (Q3 2015 high). Looks b…
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Loonie gaps lower at the open

Over the weekend, OPEC and non-OPEC countries reached a deal to cut oil production. On top of that, Saudi Arabia showed their commitment by declaring that they will cut more than what they agreed on last week.
Oil prices opened sharply higher, WTI is currently up more than 5% on the day. Loonie gapped down at the open, extending the 450-pip fall since mid November. 2016 trendline near 1.31 is backed by 200 DMA. 1.3150 is the initial resistance.
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ОПЕК и запасы нефти

Сегодня заседание ОПЕК и еще еженедельные данные по запасам нефти..... некоторые покупатели уже рванули в покупки, не стоит счас прыгать в поезд который умчался на быстром ходу, после запасов америкосы снова вернут на свои круги... там можно зашортить..
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Trump and the energy

Oil prices could be heading for a crunch time in what could be a make or break deal as OPEC countries converge in Vienna on November 30th.
Trump's policies on oil and energy have already rattled nerves among OPEC, especially Saudi Arabia.
Trump on Oil & Energy
During his campaign trail, Trump stayed consistent on his views on energy independence.
"Among all the gifts that God gave to America was an abundant supply of natural energy. According to the Department of Energy, the natural gas reserves…
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OPEC and non-OPEC meeting without a date yet

- The Russian energy ministry states that there's still no date nor location for an eventual #OPEC and #nonOPEC meeting.
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OPEC and non-OPEC are to meet on March 20th

- OPEC and non-OPEC are to meet in Russia on March 20th, says the Nigerian oil minister.
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