The bullish rally in the oil market | 03 February 2021

03 February 2021, EUR/USD

The bullish rally in the oil market

EURUSD trading plan:

A bullish rally in the oil market will have a positive impact on the value of the euro, as the assets are correlated with each other. The market was buoyed by the latest assessment by the Organization of the Petroleum Exporting Countries and allies, together known as OPEC+, that oil stockpiles will decline to below a five-year average by June. That showed the producers' output cuts were succeeding in bringing the market back into balance. OPEC+ expects output cuts will keep the market in deficit throughout this year, peaking at 2 million barrels per day in May.

Investment idea: Buy 1.2035 and take profit 1.2130.

One of the highest demand products in FreshForex is invest-portfolios.

Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts. This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%.

2 steps to get the Invest-portfolio:

1. Fund your trading account with $50 or more from February 1 to 26, 2021.

2. Send a request to school@freshforex.com with your account number funded.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus