Volumetric analysis on January 09


The pair came close to the upper resistance line, and it is more logical to wait for the breakdown. And it will be if the market is really mainly the initiative of buyers. However, this breakdown should be confident and impulsive, since it is the impulse formation will suggest that there were stop orders of market participants who sold. After this confident breakdown, we are waiting for a corrective decline, in the course of which it is worth looking closely at long positions. Note that there is no goal for growth. In this case, it is better to proceed from the size of your protective stop order. It is important that the potential profit is not less than the potential loss. In other words, the take profit should be greater than the stop loss. Also note that the appearance of prices below 1.14237 will speak about the weakness of buyers. In this case, the idea of ​​buying should be postponed until better times. Since the probability of large flat movements will be greater.


The growth of oil prices continues, and now is the time to think about taking profits from positional purchases. Those who have left them can focus on levels 51.10 52.30 and 53.60. We have no reason to believe that oil will rise above 53.60 in the foreseeable future. Nevertheless, most oil-producing countries in their budget laid lower prices for oil, which means that high marks are not particularly beneficial to anyone. And if we see big growth, then only after the April meeting of OPEC and OPEC +. And of course, it is desirable to fix positions in parts.


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