In the Rick’s Pick’s forum, long-time contributor Cam Fitzgerald notes a high correlation between the Canadian dollar and the price of oil. Cam thinks a relief rally in crude is imminent because the loonie is closing on a potentially important bear-market target.  I agree that the Canadian buck is about to turn, and it does seem logical that this would occur in the context of rising commodity prices, since the currency’s value is so closely tied to Canada’s resource-based economy. My target differs somewhat from Cam’s, and my bear-market projection for crude is in the low $20s, well beneath current levels of around $29 a barrel. But because crude is overdue for a ‘dead-cat’ bounce, I’m going to suggest that shorts in both the loonie and oil reverse their positions here, and that traders eager to initiate new positions in the former do so near the 0.6830 Hidden Pivot target shown. The least risky way to get on board would be to use the ‘camouflage’ strategy that is intrinsic to the Hidden Pivot Method. If you don’t fully understand the tactic, you need only inquire about it in the chat room.  Given the clarity of the Hidden Pivot pattern shown, it is difficult for me to imagine the loonie going significantly lower without first taking a big bounce from very near these levels. _______ UPDATE (10:18 a.m. EST): The futures have gone ballistic this morning after bottoming at 0.6809, just 21 ticks from our target. Now let’s see if they can hold onto the gains. Since there were reports in the chat room of longs being initiated near the low, I’ll establish a tracking position. Cover half of the position here, around 0.6890. Assuming four contracts from 0.6830, two remain with a profit-adjusted cost basis of 0.6770. ______UPDATE (9:55 p.m. EST): The position is off to an excellent start, with a rally that has lifted the futures nearly a penny above the acquisition price. Offer another contract to close at 0.6980 against a stop-loss at 0.6799 for the two contracts that remain. _______UPDATE (January 21, 11:46 a.m.): The long position established an inch from yesterday’s low is showing a theoretical gain right now of about $4500 per contract. I would like to hear from anyone who is trading this vehicle. The gain has been adjusted to reflect a partial profit after exiting two of four contracts yesterday at 0.6890; and exiting a third contract this morning, as recommended above, at 0.6980. Our effective cost basis for the contract that remains is 0.6560. _______ UPDATE (January 25): To protect the gains racked up thus far, I’ll suggest tying the position to an ‘impulsive stop-loss’ on the 60-minute chart. For the moment, that would mean exiting on a plunge today that touches 0.6876._______ UPDATE (February 2, 1:59 a.m.): A stall so far precisely at p2=0.7188 implies the loonie will hit D=0.7257 if and when it gets past it. Covered write the futures contract with just-in-the-money call options to hedge this one.  Here are the coordinates, on the 30-minute chart, for the relevant pattern: A=0.6089 (1/20); B=0.7085  (1/22); and C=0.6981._______ UPDATE (February 4, 12:48 a.m. EST): To keep things simple, I’m recommending an exit from the long position acquired by subscribers very near January’s 0.6809 bottom. The trade would have produced a profit of about $7000 per contract in a little more than two weeks.