Trading recommendation on CRUDE OIL 26-05-2016 by AzaForex forex broker, oil futures

Simple tips to ​educate you about trade Oil ​in the following article.
Crude Oil reached a strong resistance level. Now the rate of crude oil in July futures contract is worth 49.81 dollars per barrel. The price of oil has grown for several days in the commodities market. Growing trend is a fact, but now the price stops at the level of resistance, carried out over the tops of the growing trend highs, and now the price went up to the psychologically important resistance level of $ 50 per barrel. Price certainly can grow, but not now. Our speculative strategy - to sell it at $ 50, for the sake of not a big goal of a 200 points, where the price can do the correction. Stop-loss orders can be delivered in high 50 points for the price of $ 50.50. If the price will rise to this level, you need  to buy and not to sell crude oil. And so we will go down with the price and, after a profit, will look for opportunities to buy cheaper oil.
 
If the price stops near the resistance level, you can use the following recommendation:
•             Chart timeframe: H4
•             The trade recommendation: Sell
•             The level of entry into short position 50
•             The level of profit and close the position: 48 (200 pips)
 
 
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