07.09.2022
#BRN
OPEC+ countries decided to cut oil production by 100 thousand barrels per day — this news can support the price of black gold.
Downward wave structures are truncated. The Awesome Oscillator indicator shows a bullish divergence, while the Stochastic Oscillator signals oversold.
Trade idea:
Buy on the formation of an upward wave structure where wave (A) breaks the sloping channel of the downward truncated structure.
Stop Loss under the local minimum of the downward structure.
Target levels: 97.80; 101.20.
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