After following the analysis, crude oil price experience a sharp decline right after reaching 77.9.
This week, the price is expected to keep falling. Before continuing the decline, we will wait for the price to recover around 76.8.
Since this wave is generated from l1, the price may recover quite significantly. So, we must strictly adhere to risk management rules to limit any adverse situations that may impact us.
Wishing investors smart and effective strategies! Stay tuned for the next crude oil price updates.
By. Pham Thanh Bien
