Set-Up in CAD$ Appears Unfavorable; Could Lead to Continued Softness in Crude, Out-Performance in Airlines

2012-10-18 · by Brandon J. Ferro · in Airlines, Commodities, Crude, Equities, Historical Analysis, Spread Trade, Technical Analysis

We find the set-up in the CAD$ unfavorable, both technically and from a sentiment standpoint. Technically, the FX finds itself facing very stiff resistance region (A) which marks highs dating back to 1972 as well as 2008/2011. At the same…

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