Retrospective Oil price increase may trigger shale plays development | &XOM/BRENT 2017-02-23 | IFCM Tanzania
IFC Markets Online CFD Broker

Retrospective of Technical Analysis &XOM/BRENT From 2017-02-23

Oil price increase may trigger shale plays development

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Buy stop0,68
Take profit0,74 and 0,8
Return on Investment +13,2%
Overview date2017-02-23
Date of the closing position from 2017-05-10 and 2017-06-23

The chart shows the real change of quotations after the publication of technical analysis on 2017-02-23. The pending order from this analysis was executed and the position was opened. Next, we shall move the stop to the next fractal low following the Bollinger Bands and Parabolic SAR signals at the 4-hour charts. Thus, we are changing the potential profit/loss to the breakeven point. The position shall be closed when the price meets the Bollinger bands, the Parabolic SAR, the trend line and the fractal indicator.

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