Day 292: Oil dip

Profit: $13.07 Total: $1,230.97

Great day today as oil finally took a dip after it’s monstrous run. Equities fell today and dollar tried hard to fight gravity. There’s going to be some juicy New Zealand data tomorrow and I will definitely continue to monitor oil’s behavior.

Had most of my profits today longing USD/CAD as it’s basically a passive oil trade. My only regret today was not holding onto my long USD/CAD as long as I should have. London was quite for me and NY was filled with much action. I took some losses in dollar trades as it had no direction. For now, my eyes on oil and the New Zealand/Aussie pairs. The two pairs have been on a nice rally, if data from the bank comes out low, it can potentially lead into an enormous drop.

Check out oil’s dip.

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