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Oil Trading Alert: Crude Oil under $40!

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Trading position (short-term; our opinion) : Short positions with a stop-loss order at $54.12 and initial (!) target price at $35.72 are justified from the risk/reward perspective. On Friday, crude oil reversed and declined sharply after the Organization of the Petroleum Exporting Countries' decision to keep production high weighed on investors’ sentiment. Thanks to these circumstances, light crude lost 2.74% and slipped under the barrier of $40 once again. What’s next? The most important

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