Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer: Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Trading tips for oil

04:46 2022-12-05 UTC--5

Market players reacted positively to the price cap that was imposed over the weekend.

This, along with the three-wave pattern (ABC) in oil, opens the opportunity for traders to enter the market by buying according to the scheme shown above. Set stop-loss at 80, then exit upon the breakdown of 82 and 83.

This trading idea is based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.

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Stock market analytics, financial forecasts

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