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Business / Finance

Brent: buy at the 200-hour average

Forex Club 17.01.2019 at 13:37

Brent Strategy of the transaction Direction of transaction Purchase Entrance (open price) 59,70 Goal (closing price) 62,10 Stop Loss 58,30 Horizon till 19.00 MSK 22.01.2019*

- oil Prices are in an uptrend after Saudi Arabia announced it had cut oil output by 460 thousand barrels in December, without waiting for the start date of the agreement to reduce production of 1 Jan.

- the energy information Agency of the USA in the medium-term forecast energy market (Short Term Energy Outlook STEO) noted that the global oil market will return to the state of the supply shortage in February 2019.

- Buy when drop to the 200-hour average during an uptrend.

the parameters of the deal

you Need to open a transaction in Libertex purchase Brent 17.01.2019 23.55 GMT.

In the case of negative developments, the net loss will not exceed 1.7 percent.

If you want to get your position size multiplier, the potential profit and loss for Libertex, connect to the service the Morning with Fx Club .

* 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.

Forex Club, Brent, oil, BRN BRN