On this chart you can see a dramatic fall on USOIL from October 2018 to December 2018 the price drop occurred after hitting a four-year high at that time, traders believed that U.S. sanctions against Iran and outages in Venezuela would lead to supply shortages. However On December 7, 2018, OPEC agreed to cut 1.2 million barrels per day.
This statement lead to a solid uptrend which made a V-shape and now can see a perfect opportunity to enter a long position trade with a quite safe SL.
This statement lead to a solid uptrend which made a V-shape and now can see a perfect opportunity to enter a long position trade with a quite safe SL.
Comment:
500+ pips has been made