FX.co ★ Trading tips for oil

The previous trading plan for oil aimed to raise its rate in the market.

That is exactly what happened during yesterday's US session, when the quote moved up and tested the second resistance level of $73.6.

Huge congratulations to those who followed the strategy! The price movement was as much as $6.5.

Traders can close part of the long positions for profit.

The trading idea was based on the "Price Action" and "Stop hunting" methods.

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