Brent Crude Oil forex trading
The price of Brent crude oil began to fall again in the commodity market.
Commodities' trading strategy is to sell crude oil if the price falls below the support level. Crude oil day trading signals are visible on the chart. UKOIL price has created a new fractal just above the support level. Technical analysis for brent crude oil trading is no different from the analysis for the forex market. Therefore, we will use a proven breakout strategy in trading.
Order Type: Pending Order - Sell Stop
Entry Price at 91.50
Take Profit at 90.00
Pips Earning: 150
Currency pair correlations:
EURUSD buy at the price of 1.0020
USDJPY buy at the price of 140.45
GBPUSD sell at the price of 1.1500
USDCHF buy at the price of 0.9860
The result of a trade recommendation.
How to trade Brent Crude Oil
The profit can be $150.00 if the trading volume of 100 Futures.