Kathy Lien, that incisive and energetic currency analyst, said something today I found especially interesting. "Over the past year, the positive correlation between oil prices and the Canadian dollar / U.S. dollar currency pair is more than 95 percent."
Seems like someone whose account wouldn't accommodate an oil future's contract, may be able to trade the Canadian Dollar instead. The trick is in finding a time frame and stop that keeps you following the trend without whipsawing you all the time. I find the Loony to be very choppy.
For a look at her chart, click on the link.
cadoil050509.jpg (JPEG Image, 647x354 pixels)
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