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Oil price war and the fear of fundamental price actions.
JapaneseGroupFx

Member Since Feb 28, 2020  77 posts Profits (JapaneseGroupFx) Mar 29 at 12:07
Any one afraid like me trading oil for now due to the Saudi and Russia price war?

I'm staying clear for oil for now, because I don't want yo be in the middle of trading it and one side just woke up from the wrong side of the bed and decide to make a catastrophic announcements on oil outputs and I'm caught in between.

What about you?

Malohuginn

Member Since Dec 20, 2019  12 posts Malohuginn May 01 at 14:20
When I asked my friend, he advised me to abstain from trading oil for now. At the moment it is a rather unstable market from which you don't know what to expect next. Oil prices are jumping and it is impossible to make any predictions about what will happen next. Only the brave ones are getting there now.

ChickenT

Member Since Mar 09, 2020  3 posts Phantom_Forex (ChickenT) May 12 at 18:20
Oil is unstable, but it still follows technical's. I would not look to swing oil any time soon but spot trading for 30-75 pips is very possible daily if not at least 3x a week.
It would depend on your training how comfortable you are with trading oil.

Retail traders pay retail prices... Trade in line with the institutions
marco_mmbiz

Member Since Jul 20, 2019  169 posts marco_mmbiz May 21 at 16:27
Up or down, you decide. D1-trends and S&R are visible.
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patience is the key
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