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Barchart
Barchart
Jim Wyckoff

As Oil Prices Fall, Make This 1 Key Commodity Trade ASAP

December Canada dollar (D6Z25) futures present a selling opportunity on more price weakness.

See on the daily bar chart for the December Canadian dollar futures that prices have dropped recently and are now just above key technical support, that if breached, would likely set off sell-stop orders to drive prices still lower. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator has just produced a bearish line crossover signal, as the blue MACD line has crossed below the red trigger line.

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