Retrospective Oil processing profit margins may increase | Technical Analysis &XOM/BRENT 2019-05-28 | IFCM
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Retrospective of Technical Analysis &XOM/BRENT From 2019-05-28

Oil processing profit margins may increase

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Buy stop0,498
Take profit0,548
Return on Investment +10%
Overview date2019-05-28
Date of the closing positionfrom 2019-06-13 to 2019-06-19

The chart shows the real change of quotations after the publication of technical analysis on 2019-05-28. 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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