Last week, crude oil price followed exactly the first strategy from the previous week. So how should we respond in this situation?
Currently, oil prices are entering a recovery decline from t1 to l1, preparing for the next growth phases. So, our strategy will be to wait for this recovery decline to complete, after that, we’ll have the opportunity to follow the main upward trend.
As I always say, every success, every sustainability takes time to develop! So, don’t enter orders against the trend, as that will significantly increase your risk. Only discipline will shape the successful person you aspire to be.
Wishing all investors smart and effective strategies! Stay tuned for the next crude oil price updates.
By Pham Thanh Bien
