Oil Trade Closed - Profit £5000 using £5000 Account

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  • Oil Trade Closed - Profit £5000 using £5000 Account

I've closed my oil trade at $28.5.

My initial target was $30, the price got to $29.5, and it started to look jittery.


I'm expecting oil to recede now, as the price has rallied by around 30% in the last few days.


There's a Lot of  turbulence around 23.5.

Given the opec meeting postponement – price most likely will receded to aroudn 23.5 Until the meeting takes place


DO NOT trade short. Wait on the sidelines for oil to recede and take a long position again after the Price recedes.

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  • 14 Apr 20
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Oil

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