Yesterday, oil prices spiked after crude oil facilities located in Saudi Arabia was attacked by terrorists, shutting down up to 5% of global crude oil output.
This was a large 10-20% move in prices, and was an easy trade to ride on the trend and momentum.
There were 3 entry opportunities, 2 of which were flagged out in our “Daily Trading Signals”.
If you are inside our Free Telegram Channel, you would have seen that Crude Oil (WTIUSD) is currently on a weak bull trend, which means that we should be looking for opportunities to go long and ride on the uptrend.
For those subscribed to our premium “Daily Trading Signals”, the precise signal for entry came at 6.00am, when prices made a new 44-day high, and within 3 minutes had spiked to an 83-day high.
There are usually 5-10 trading signals a day, or even more, but the important thing is to trade consistently on the signals and manage your risk well, so that you can take advantage of all these opportunities.
Good luck, and trade well!