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Business / Finance

OIL: Brent buy at the decline of 49.14

Forex Club 20.07.2017 at 12:12

Brent (BRN) Strategy of the transaction Direction of transaction Purchase Entrance (open price) of 49.14 Goal (closing price) 50,90 Stop Loss 48,13 Horizon until 19:00 GMT 25.07.2017 *


- Report inventory for the previous week was better than expected. Inventories decreased by 4.7 million barrels instead of 3.5 million

- July 24 will be a meeting of the monitoring Committee of OPEC. Libya and Nigeria can join the agreement on production cuts

- Buy when the price falls to the 50-hour moving average (at 49.14)

Options transaction

you Need to open a transaction in Libertex for the purchase of Brent crude oil (BRN) 21.07.2017 no later than 23:59 GMT with the following parameters (calculated for a Deposit of $500):

If your Deposit is different in a big way from $500, it is necessary to proportionally increase the size of the transaction in Libertex. The multiplier remains unchanged. The loss will not exceed 2.5% of the Deposit.

* If the transaction is not closed for orders (take-profit, stop-loss), it is recommended to close manually before the specified date.

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee results.

OIL, Brent, BRN, BRN Forex Club