For Traders

Analytical Reviews

Technical analysis

10.04.202009:57 Forex Analysis & Reviews: Tesing of rading idea for oil

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Hello, dear traders! Congratulations to those who took advantage of our trading idea for selling oil. Let me remind you that the idea was based on the Stop hunting strategy. Based on this strategy, the price was supposed to reach the quote of $23 of the May futures

Plan:

Testing:

Remarkably, the market formed a very high-quality intraday level at a quote of $25 for May futures during the OPEC meeting via video conference:

As a result, the so-called "price cascade" was formed. It is the best confirmation that the strategy has worked:

Today, the commodity markets are closed in observance of Good Friday.

Good luck in trading and have a nice weekend!

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.