How about trading oil?

How about trading oil?

Trade idea

SELL at 60.50; TP1 59.20; TP2 58.40; SL 61.00.

The oil market is awaiting news from the OPEC meeting, and traders should expect an increase in volatility and sharp moves of the price.

The technical setup looks interesting. On W1, Brent met the resistance of 100-week MA in the 63.50 area. There’s also a Fibo level at 64.00 and the Ichimoku Cloud that weighs on the price. The odds are that oil will be tempted to close the gap.


On D1, moving averages are in the negative order and there are several candlesticks with big upper wicks. The price started correcting up, but the recovery looks unstable. A decline below 60.50 will be a trigger for selling. The positive scenario is possible only if oil rises above 63.10.




GBP/JPY is choosing the way

GBP/JPY has been moving up since the start of January. The pair broke out of a bullish flag and reached new highs in the 145.00 area.

USD/JPY: intraday trading

Volatility has greatly diminished in USD/JPY. The pair is consolidating in a narrow range on H4, and a breakout is coming.

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera