Canadian Dollar and Oil Futures Poised to Drop, ForexAnalytix's Perry Says

The video tutorial discusses the current state of the market, focusing on the commodity complex and its performance compared to the S&P 500. It highlights the divergence between stocks and commodities since the trade war began. The discussion includes the impact of potential trade deals on market trends, particularly in agriculture. The analysis extends to Canadian dollar and oil futures, with technical insights into market movements and predictions.

What is the main reason for the recent increase in oil prices?

• An increase in oil production.

• A new trade deal was signed.

• Stronger than expected US inventories.

• A decrease in global oil demand.

How have stocks and commodities behaved since the start of the trade war?

• Commodities have increased while stocks have decreased.

• Both have increased significantly.

• Stocks have increased while commodities have decreased.

• Both have decreased significantly.

What is Joe Perry's perspective on the divergence between stocks and commodities?

• He believes they will converge soon.

• He thinks the divergence will widen further.

• He is unsure about the future trend.

• He believes commodities will outperform stocks.

What is the relationship between the Canadian dollar and crude oil?

• They move independently of each other.

• The Canadian dollar is unaffected by oil prices.

• They move in opposite directions.

• They typically move together.

What technical pattern is observed in the Canadian dollar futures?

• Head and shoulders pattern.

• Cup and handle pattern.

• Double top pattern.

• Symmetrical triangle pattern.