BCO might show dips that are worth buying

14 במאי 2019

BCO is moving slightly bullish in broader upwards triangle formation. Today brings Canadian CPI and Retail sales which are expected below their last reported numbers both. There is no fundamental short pressure on BCO, so if the CPI release triggers some volatility it might just present the opportunity to enter long on BCO at a good price due to its correlation with the CAD. I will try to enter with a RR of about 2.