empty
 
 
04.03.2021 01:40 PM
Trading idea for WTI oil

This image is no longer relevant

OPEC is ready to open taps. According to leaks, members will increase production volumes at the meeting today. Saudi Arabia may also end its additional 1 million bpd production cut.

Of course, all this will lead to changes in oil prices, which, to date, is trading at $ 62 a barrel. That said, the best action is to short oil, the strategy for which is presented below:

This image is no longer relevant

Since quotes have formed a wave pattern (ABC), where wave A is the bearish initiative observed since last week, traders should open short positions from $ 62, in order to see a 50% retracement. Place limit at $ 63.5, and take profit as soon as the price breaks through $ 58.5.

But in case of a false breakout (at $ 64), open short positions on a smaller scale, but with the same target ($ 58.5).

This plan is under the Price Action and Stop Hunting methods.

Good luck!

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $1000 lebih banyak!
    Pada April kami mengundi $1000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback