The big news seen overnight was the energy sector creeping higher as shares broke through January highs on the rally in crude oil prices.
Squawk / 09 August 2018 at 5:53 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
USDCAD - Marabuzo line caps demand
2 of Wednesday’s upside targets were met as Tuesday’s sharp turn in sentiment extended higher. But in volatile, late trading those 2 week highs, above 1.3100, were sharply rejected. In fact USDCAD reversed more than a big figure that that fresh decline – emphasising the relevance of the Marabuzo line – is now expected to extend.
We look to Sell in 1.3015/20 area and on any 1.3048 rally.
Stop is 1.3092 bid
Targets 1.2994, 1.2962 or even 1.2939
Close- 4pm London time
KS2011 KS2011
Thanks Alan, sold at 15
Thanks for yesterday's call, I kept the position until US time and got out at 1.31
AlanCollins AlanCollins
For those who lucky enough to have sold at 48 as well, then I would lighten exposure near 1.3022 due to lateness of the hour. Stop to 1.3050


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail