TradePlus-Fx|BRENT: now on sell – Analytics & Forecasts – 16 October 2023

💬Description: Oil remains one of the most interesting instruments at the moment, which is due to the aggravated geopolitical background. Metals are the same story.

In our previous trading idea for oil, we assumed entering a long position with the goal of reaching level 91. This happened, but the main idea and the more promising one – sell. At the moment, a good context has been formed to enter the short, as we need. One can consider a dynamic set of positions, since a false breakout upward cannot be ruled out, after which the price will fall even more rapidly. The target of the trade is located at the gap formation level, that is, at level 85.

🔔FX CALENDAR TODAY🔔
🇪🇺Trade Balance
🇺🇸NY Empire State Manufacturing Index
🇺🇸Federal Budget Balance

➖➖➖➖➖➖➖
❤️Thank for your LIKES❤️
👇Share your views and FOLLOW US👇

Telegram channel 

Twitter(X)