Congratulations to all investors who followed last week’s strategy! The crude oil price movement aligned with the calculation, rebounding to the $74 level and surging to $78.9 per barrel.
Observing this excellent growth, we can affirm that the price is following the main trend of the year. This could be predicted in advance based on technical convergence methods and the reinforcement of the US dollar index trend.
Therefore, let’s continue to wait for the crude oil price to adjust to the convergence support zones at $74 and $75.4 before considering entering a position here. And remember to always apply scientific capital management principles and clear processes to avoid getting caught in the whirlwind of this fierce financial market.
Lastly, I wish all investors insightful and successful investment strategies. Stay tuned for the next updates!
By. Pham Thanh Bien
