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Hello, dear traders! Congratulations to those who took advantage of our trading idea for selling oil. Let me remind you that the idea was based on the Stop hunting strategy. Based on this strategy, the price was supposed to reach the quote of $23 of the May futures

Plan:

Exchange Rates 10.04.2020 analysis

Testing:

Exchange Rates 10.04.2020 analysis

Remarkably, the market formed a very high-quality intraday level at a quote of $25 for May futures during the OPEC meeting via video conference:

Exchange Rates 10.04.2020 analysis

As a result, the so-called "price cascade" was formed. It is the best confirmation that the strategy has worked:

Today, the commodity markets are closed in observance of Good Friday.

Good luck in trading and have a nice weekend!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Andrey Shevchenko,
Analytical expert
InstaForex Group © 2007-2020
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InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

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