WTI Crude Oil could jump in price

  • May 31 2021
  • by
  • Analyst AZA
WTI Crude Oil could jump in price

WTI Crude Oil could jump in price

For several days now, the price of WTI Crude Oil has been gradually increasing. Judging by the chart of this trading instrument, Oil may jump strongly in price, first to the level of $ 68.00 per barrel, and then to the level of $ 69.00. The fact is that the last resistance level, which can somehow restrain further growth for this energy carrier, is the level of 68.00. There are no barriers behind it that could prevent the price from rising. Because many energy resources also began to rise in price, this trade scenario takes place at a profit.

Symbol: USOIL
Order Type: Pending Order - Buy Stop
Entry Price: 67.50
Take Profit: 68.00
Pips Earning: 50

The result of a trade recommendation. The price reached the Take Profit level in 6 hours.

The result of a trade recommendation. The price reached the Take Profit level in 6 hours.

 

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The profit can be $500.00 if the trading volume of 1000 FUT.

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