Coldest Winter vs. USDCAD & Crude Oil

Winter is coming!
The cold weather could make the Energy Crisis even worse, pushing the world economy into a deeper Recession.
But don’t worry, as traders, even in our darkest days, we will always find an opportunity in the markets.
Remember a few months ago? Crude Oil prices on MT5 were breaking above $120!
Today, Crude Oil prices on the MetaTrader platform are below $80!
The conventional thinking suggests to start Investing in Crude Oil immediately in these low prices, because higher demand in winter will equal higher prices, right?
Well, not necessarily! We suggest you watch this video to see an alternative way potentially to profit in this current market environment.
In this video, one of our best oil traders, Richard, kicks things off by explaining the correlation between the USDCAD and the price of Crude Oil.
Then, he moves on to the technical side showing 3 important price action patterns, which are appearing now on the US Dollar / Canadian Dollar currency pair.
Stick to the end, to see Richard’s USDCAD & OIL CFDs trading skills in real-time.
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Time Stamps:
0:00 Intro
1:05 Oil & Gas News & The Perfect Storm
1:37 Crude Oil & Natural Gas - Weekly Charts
2:03 USDCAD is a Commodity Currency
2:47 How does Crude Oil affect the USDCAD?
3:34 USDCAD Chart Patterns
4:01 The Dark Knight Pattern
4:16 Tech. Analysis: USDCAD Monthly Chart
5:48 Crude Oil (WTI) - Taking Profit (TP) & Stop Loss (SL)
6:33 USDCAD Trading - Sell Position - Market Execution
6:53 Outro
#CrudeOil #USDCAD #MT5 #USOil #WTI #NaturalGas #OnlineTrading #MetaTrader5 $USDCAD
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