We have outlooked several promising Forex pairs and the result can surprise you!
How to trade WTI oil
Information is not investment advice
WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one. If the price rises above 52.35, it will likely push up to 53.00 (23.6% Fibonacci retracement of the 2020 decline). The Awesome Oscillator on the D1 is bullish. On the H4, the price has managed to overcome the 100-period MA. As long as it’s trading above this line in the 51.80 area, the short-term uptrend will remain in place. Below 51.70, the price will be vulnerable for a correction to the 50.90 area.
Trade ideas for WTI oil
BUY 52.00; TP 53.00; SL 51.75
SELL 51.70; TP 50.95; SL 51.85
To trade WTI with FBS you need to choose WTI-20H in MT4.
XAU/USD looks weak. Will it keep falling? Let's find out!
Ichimoku Kinko Hyo AUD/JPY: The AUD/JPY pair is now trading on the Kijun sen level…
A combo of strong demand and poor supply has sent oil prices to the high unseen since 2018. Gas is at record highs as well.