Last week, crude oil price followed exactly as we had analyzed.
After a decline, prices have increased strongly again. This supports the idea that l1 is nearing completion and a new upward wave is beginning.
For those keen investors who followed last week’s advice to watch for and enter orders at the start of the wave, the results have been excellent. If you haven’t acted yet, remember that opportunities are always available.
Based on current data, we can wait for prices to recover around the convergence zone of 68 before continuing to follow the upward trend.
In this market, opportunities are limitless! It’s only your own lack of discipline that sets limits. So, always adhere to discipline and risk management principles to ensure sustainable profits.
Wishing all investors smart and effective strategies! Stay tuned for the next crude oil price updates.
By Pham Thanh Bien
