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28.03.2023 09:09 AM
Trading tips for oil

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The previous trading plan for oil aimed to raise its rate in the market.

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That is exactly what happened this week, when the quote moved up and headed towards the resistance level of 71.5.

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This means that traders could now close part of the long positions for profit.

Huge congratulations to those who followed the strategy as the price movement was as much as $5!

The trading idea was based on the "Price Action" and "Stop hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2025
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