fetilevent
Long

LONG BRENT ON 3H CHART

TVC:UKOIL   CFDs on Brent Crude Oil
DISCLAIMER:
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.

Good Lucks.

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Comments

This will fail hard. Peak oil.
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MrYoyo GeorgDer3
@GeorgDer3, thats a good point.I think so too
+1 Reply
@MrYoyo, He ned sou frech
Reply
Crude oil prices may rise after Federal Reserve Chairman Jerome Powell delivers two of his semimanual testimonies to Congress. The first will be on Tuesday, February 11 where he will speak about monetary policy to the House Financial Services Committee, and the second will be on February 12 in front of the Senate Banking Committee.

Both of these events will be closely scrutinized as traders gauge the varying degrees of confidence Mr. Powell expresses in his views on the strength of the US economy. He will likely cite muted geopolitical risks as a tailwind to the outlook with references to the trade truce between the US and China and reduced concerns of a no-deal Brexit. In this regard, he may then give a brightened outlook on growth and boost Brent.
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Agree with you! I guess that stop-loss could be comfortable around 53.50 and take-profit 60. Risk/Reward ratio more than 5. But CORONAVIRUS could mix all up…
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