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The Winner is Presented with iPhone 11 Pro and $1000! Summing up the results of the November Battle of Traders

Hello, dear forum users!

Since November, the Battle of Traders contest has opened its second annual cycle. The successful start is evidenced by the general statistics of the contest month and the table with trading results of 10 winners. Trade leader of the contest was so effective that additionally to $1000 he managed to win the grand prize – the brand-new iPhone 11 Pro! At the end of November, the trader increased the initial capital of $5000 by 5 (109%)! Congratulations to the winner with nickname spongebob (account number 147060) and we wish him to achieve no less impressive profit figures on the NPBFX real account! We have already recorded the interview with the winner and it will be published very soon. It should be noted that the winner participated in the Battle of Traders for the first time, he lives in Indonesia.

The greatest number of deals on trading account in November was made by a trader with nickname VNK0111 (account number 147060) – 3604 deals! Trader used a minimum trading lot from 0.01 to 0.05. In the Battle of Traders contest participants can apply any trading strategy for both manual and automated trading.

Total 1817 traders took part in the November Battle. More than 90% of the participants have completed the contest with a positive balance. However, in order to be among the winners, you need to fulfill two main conditions of the contest: To increase the initial capital by at least 30% and to close at least 10 trades. Who managed to be ahead of the contest and entered the top 10 winners? Money prizes from NPBFX are awarded to the participants with the following nicknames: spongebob, distefano, rurik, Nikeset, DnK, Vikking, Vikram, kila, huydoji, PS.

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Would you like to get a real trading deposit as a gift for New Year holidays? It can be $100, $150, $200, $500, $1000 and also a grand prize–the brand-new iPhone 11 Pro, which will also be in the January draw!

Hurry up to participate and start 2020 as a winner together with a reliable broker - NPBFX!

Sign up for the January Battle of Traders contest
 
The Brand-New iPhone 11 Pro and $1000 Granted to the Trader from Indonesia! We Present the Interview with the Winner of the November Battle of Traders

Johana Dwi Ariyanto is a trader with 13 years of experience in Forex from Indonesia. This is how to briefly present the winner of the November Battle of Traders contest. However, his success story, where the quality of trading is more important than the number of trades, deserves a detailed discussion and can be an inspiring example for someone. So, from the first day of his participation in the contest Johana set himself an ambitious goal to become the winner and get the grand prize–iPhone 11 Pro. Working 4 hours a day at his laptop, he achieved his goal and headed the table of winners with an excellent trading result +5109% profit! The winner admitted that the world of trading is interesting for him a lot, he likes to earn money on Forex and not going to stop at what he has achieved. What trading instruments does Johana include in his portfolio, why does he prefer technical analysis and how does he help the school committee? Look for the answers in the interview.

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- Johana, first of all, on behalf of our company NPBFX I would like to congratulate you on a brilliant victory! What feelings and emotions do you feel about it? Tell me, please.

- I was very happy when I discovered that I had won. I immediately tried to contact NPBFX support to find out if I really won. I was even more pleased with the fact that the contest was held internationally and I beat the traders from all over the world.

- Have you already shared this news with anyone?

- At the moment when I found out that I had won the contest, I was participating in Forex trading training. So I immediately shared the joyful news with my classmates. Moreover, they initially knew about my participation and watched my progress.

- This was the first time you participated in the Battle of Traders contest. Was the victory a surprise for you or did you purposefully go to the 1st place?

- Yes, I did this with a goal in mind and was motivated to get a grand prize. When there is an extra prize, it is always a plus and greater motivation.

- Could you please tell us how you learned about the Battle of Traders contest and why did you decide to take part in it?

- I found out about the contest from Facebook, as well as from the email newsletter. I immediately began to learn the rules and decided to take part. I wanted to present a new strategy to my classmates, to show them that I was able to achieve the goal, to motivate them.

- Johana, how long did it take you to sign up for the Battle of Traders contest? How do you evaluate the terms of the contest in general?

- The sign up for the contest is very simple and the process is quite fast. The terms of the contest are also very easy and clear. Big deal is to get an extra prize.

- At the end of the contest month you have shown excellent trading results: You have increased the initial deposit of $5000 by 51 times (up to $255 476)! Could you tell us, please, what is the essence of your trading strategy?

- I use supply and demand analysis strategy and look at the trend line. Then I look at the price movements using the time frame for analysis when determining the next trade.

- According to your contest account statement, it is seen that you have closed 144 deals using a fairly wide trading portfolio: gold, currency pairs by pound, yen, New Zealand dollar and other currencies. Tell me, based on what principle did you form your trading portfolio?

- I prefer currency pairs and gold, because the average daily movement is quite large, especially in currency pairs with the pound sterling, and many people win on these currency pairs.

- Do you use your smartphone to trade on Forex or do you prefer the desktop version?

- In the contest I traded using my laptop, because it is easier to set an indicator.

- Johana, did you trade with an Expert Adviser/Robot or manually managed each trade? How much time per day did you usually have to spend on the contest?

- I trade manually and do not use Expert Advisors. On average, I traded 4 hours a day, sometimes in the morning or in the night, analyzing, looking at market movements.

- Do you more cater to technical or fundamental analysis when forecasting the market?

- I prefer to focus on technical analysis, because I do not trust the news that comes out.

- $1,000 has already been credited to your real NPBFX trading account. Are you planning to trade in the same way as you did on a demo account?

- It is quite possible that I will still use the same strategy, because it did not require too much time to trade.

- Johana, tell us a little about your professional path: how long have you been trading on Forex?

- I have been aware of trading since 2006 and I love making money online, in the Forex market. The world of Forex trading is quite interesting for me. It is a work with its pros and cons.

- Have you studied trading on your own or attended courses, webinars?

- I learned about the Forex market from the Internet and joined social media trading groups. I almost immediately tried to trade on real accounts by trying indicators from the group in social networks. The results were not so high. So further on I tried to work on it myself and finally developed my own strategy. At the moment Forex is my constant source of income.

- Tell me, please, what is the name of the city (village) where you live? How old are you, are you a family man, what are your hobbies besides Forex?

- I live in the village of Bolon, Central Java. I have 4 children, I’m 37 years old. In my spare time, I help my wife at home and work at the school board, I participate in improving the school’s management system. Sometimes I take project work from friends, contractors.

- Johana, in your opinion, how common is Forex trading in Indonesia?

- In my opinion, the enthusiasm and desire of Indonesians to trade on Forex market is very high. For example, I have a lot of neighbors interested in what I am doing sitting in front of my house working on my laptop.

- Would you recommend your friends to join the Battle of Traders contest? Why?

- Yes, I will start inviting my friends who took part in my training. I will monitor their progress, teach them to focus on quality, not quantity. Even on a demo account it is important to learn how to do routine work, continuously following the rules, and only then it starts to work.

- What would you like to wish NPBFX and participants of the next Battle of Traders contests?

- I would like to wish the participants of the next rounds to devote as much time as possible to improve their knowledge and analysis of the market. Do not underestimate these points even on a demo account. For NPBFX I want to wish further success, as well as to change the time of market opening, now it differs from other brokers.

- Johana, we thank you for participating in the contest and for the interview. Let trading on NPBFX real account be as successful as on your contest account!
 
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EUR/USD: the euro is declining 20.01.2020

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on EUR/USD for a better understanding of the current market situation and more efficient trading.

Current trend

EUR is relatively stable against USD during today's Asian session and is located near local lows, updated at the end of last week. Last Friday, EUR showed a steady decline, despite the neutral statistics on Consumer Inflation, which fully met market expectations. Consumer Price Index in the euro area in December rose by 0.3% MoM after a decline of 0.3% MoM in November. In annual terms, prices remained at the same rate of growth (+1.3% YoY).

Traders almost ignored weak statistics from the USA. Industrial Production in the USA in December decreased by 0.3% MoM after an increase of 0.8% MoM in the previous month. Experts expected a decrease of 0.2% MoM. Michigan Consumer Sentiment Index fell slightly from 99.3 to 99.1 points in January, which was worse than neutral forecasts.

Support and resistance

Bollinger Bands in D1 chart demonstrate active decrease. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is going down keeping a stable sell signal (located below the signal line). In addition, the indicator is trying to consolidate below the zero mark. Stochastic retains steady downward direction but is close to its lows, which indicates the growing risks of oversold EUR in the ultra-short term.

Existing short positions should be kept until the situation clears up.

Resistance levels: 1.1100, 1.1123, 1.1143, 1.1171.

Support levels: 1.1084, 1.1065, 1.1038, 1.1000.

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Trading tips

To open long positions, one can rely on the rebound from the support level of 1.1084 with the subsequent breakout of 1.1100. Take profit – 1.1143 or 1.1171. Stop loss – 1.1070 or 1.1060.

A breakdown of 1.1084 may be a signal for new sales with target at 1.1038 or 1.1000. Stop loss – 1.1110 or 1.1125.

Implementation time: 2-3 days.

Use more opportunities of the NPBFX analytical portal: E-book

If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.

You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on EUR/USD and trade efficiently with NPBFX.
 
USD/CHF: the dollar is strengthening 22.01.2020

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on USD/CHF for a better understanding of the current market situation and more efficient trading.

Current trend

The USD/CHF pair continues to grow moderately, renewing local highs of January 14. Now, the instrument is adding about 0.12%, testing the level of 0.9700 for a breakout. The position of the American currency remains quite stable after the publication of strong US data last week, which confirmed that the national economy maintains moderate growth rates.

Frank came under pressure after economists complained about its high exchange rate at the current Davos Forum, accusing the NBS of manipulating it. It provoked many investors to reduce their investments in the Swiss franc, which caused the appearance of a relatively confident upward correction for the instrument.

Support and resistance

On the daily chart, Bollinger bands are slightly falling. The price range narrows from above, reflecting the presence of flat dynamics of trading in the short term. The MACD indicator is growing, maintaining a strong buy signal (the histogram is above the signal line). Stochastic maintains a confident upward trend but quickly approaches its highs, which indicates that USD may become overbought in the short-term.

Current technical indicators do not contradict further growth of the dollar in the short and/or ultra-short term.

Resistance levels: 0.9700, 0.9720, 0.9743, 0.9769.

Support levels: 0.9680, 0.9664, 0.9645, 0.9612.

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Trading tips

Long positions may be opened after the breakout of 0.9700 with the target at 0.9743 or 0.9750. Stop loss – 0.9680–0.9870.

Short positions may be opened after a rebound from 0.9700 and a breakdown of 0.9680 with the target at 0.9645 or 0.9620. Stop loss – 0.9700.

Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: analytics

You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on USD/CHF and trade efficiently with NPBFX.
 
USD/CAD: the instrument is in correction 24.01.2020

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on USD/CAD for a better understanding of the current market situation and more efficient trading.

Current trend

Today, during the Asian session, the USD/CAD moves flat, trading near 1.3125. Yesterday, the dollar declined uncertainly, losing its advantage and stepping back from local highs since December 23, 2019. CAD was under pressure after the publication of poor statistics on consumer inflation last Wednesday. The Bank of Canada base consumer price index for December accelerated its decline from –0.2% MoM to –0.4% MoM, which turned out to be worse than analysts' neutral forecasts. In annual terms, the index slowed down from +1.9% YoY to +1.7% YoY, which also turned out to be worse than experts expected.

On Friday, investors are focused on the American statistics on business activity from Markit for January. In Canada, data on the November dynamics of retail sales will be published.

Support and resistance

On the daily chart, Bollinger bands actively grow. The price range expands but not as fast as the “bullish” moods develop this week. MACD grows, maintaining a strong buy signal (the histogram is above the signal line), and tries to consolidate above the zero line. Stochastic, approaching the level of 80, reverses into a downward plane, reacting to the appearance of correctional dynamics at the end of the week.

It is better to close a part of profitable long positions. To open new deals, it is better to wait for the appearance of updated signals from technical indicators.

Resistance levels: 1.3137, 1.3157, 1.3180.

Support levels: 1.3103, 1.3078, 1.3028, 1.3000.

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Trading tips

Long positions may be opened after the breakout of 1.3137 with the target at 1.3180 or 1.3200. Stop loss – 1.3115–1.3100.

Short positions may be opened after the breakdown of 1.3103 with the target at 1.3050. Stop loss – 1.3130–1.3137.

Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: glossary

Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on USD/CAD and trade efficiently with NPBFX.
 
NPBFX is recognized as the best STP broker for the third time in a row in the IAFT Awards 2019!

Good afternoon, dear forum visitors!

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After summing up the voting results of more than 200,000 participants of the International Association of Forex Traders (IAFT), NPBFX was recognized as the winner in the nomination “Best STP Broker 2019”. STP (straight-through processing) technology is a method of fully automated processing of client trades with the transfer of all transactions of the client to liquidity providers. Trading with STP technology guarantees the client high quality of trade execution and completely eliminates the conflict of financial interests between the trader and the brokerage company.

IAFT traders for the third time recognize NPBFX as the winner in this nomination. NPBFX (until 2016 — Nefteprombank) has always serviced traders only with brokerage technologies with the best prices and execution speed from the largest liquidity providers of the foreign exchange market and plans to develop such technologies in the future.

NPBFX company thanks all the traders who participated in the vote and the organizer of the IAFT Awards 2019.
 
Brent Crude Oil: oil prices recover 29.01.2020

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on Brent Crude Oil for a better understanding of the current market situation and more efficient trading.

Current trend

Today, during the Asian session, oil prices are growing moderately, continuing to develop the “bullish” momentum formed yesterday. The instrument also retreats from its local lows since October 21, 2019, which were renewed as a result of a five-day last week’s decline. The quotes were supported by OPEC statements that the terms of the contract to reduce energy production could be further tightened due to lower demand amid the spread of coronavirus. An additional “bullish” signal for “black gold” was the published report of the American Petroleum Institute on oil reserves. For the week of January 24, the figure fell by 4.27 million barrels after rising by 1.6 million barrels over the past period.

On Wednesday, investors are focused on the US Federal Reserve meeting on the interest rate and the official report on oil reserves from the US Department of Energy.

Support and resistance

On the daily chart, Bollinger bands are steadily declining. The price range is expanding but not as fast as the "bearish" moods develop. The MACD indicator maintains a downward direction and a poor sell signal (the histogram is below the signal line). Stochastic is reversing upwards near the zero line, indicating that the instrument is oversold in the ultra-short term.

A of developing large-scale upward correction is possible in the short term.

Resistance levels: 60.84, 61.29, 62.00, 62.95.

Support levels: 60.00, 59.00, 58.49, 57.57.

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Trading tips

Long positions may be opened after the breakout of 60.84 or 61.29 with the target at 62.95 or 63.50. Stop loss – 60.00.

Short positions may be opened after a rebound from 60.84 and a breakdown of 60.00 with the targets at 58.49–58.00. Stop loss – 61.00.

Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: trading signals for commodities

How can a trader determine if it’s worth buying or selling Brent Crude Oil now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on Brent Crude Oil and trade efficiently with NPBFX.
 
NZD/USD: New Zealand dollar declines 31.01.2020

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on NZD/USD for a better understanding of the current market situation and more efficient trading.

Current trend

Today, during the Asian session, the NZD/USD pair is falling, continuing to develop an active “bearish” impulse formed at the end of the last trading week. Now, the New Zealand dollar has lost about 0.10%, trading near local lows of December 2, 2019. NZD is under pressure, despite the publication of controversial macroeconomic statistics from the United States, which is also due to the growth of anxiety about the spread of coronavirus. Macroeconomic statistics from New Zealand also negatively affect the instrument. Thus, the level of consumer confidence from ANZ in January fell from 123 to 122.7 points, which turned out to be worse than the average expectations of analysts.

Support and resistance

On the daily chart, Bollinger bands are steadily declining. The price range is expanding but not as fast as the downward dynamics develop in the short/medium term. The MACD indicator goes down, maintaining a strong sell signal (the histogram is below the signal line). Stochastic maintains a downward trend but is near its lows, which signals an increase in risks associated with the oversold New Zealand dollar in the ultra-short term.

It is better to keep the current short positions in the nearest time intervals until trading signals from the indicators are clarified.

Resistance levels: 0.6500, 0.6521, 0.6539, 0.6553.

Support levels: 0.6464, 0.6436, 0.6400.

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Trading tips

Long positions may be opened after a rebound from 0.6464 and a breakout of 0.6500 with the target at 0.6553 or 0.6580. Stop loss – 0.6464–0.6450. Implementation period: 2–3 days.

Short positions may be opened after the breakdown of 0.6464–0.6450 with the target at 0.6400. Stop loss is no further than 0.6500. Implementation period: 1–2 days.

Use more opportunities of the NPBFX analytical portal: economic indicators

Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.).

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on NZD/USD and trade efficiently with NPBFX.
 
GBP/USD: the instrument is consolidating 03.02.2020

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on GBP/USD for a better understanding of the current market situation and more efficient trading.

Current trend

GBP declines slightly against USD during today’s Asian session, correcting down after a confident “bullish” end of the past week. Last Friday, GBP showed strong growth, updating local highs from January 7. At the same time, there were few fundamental reasons for positive dynamics. GBP was most supported by Consumer Credit statistics. December credit volumes rose from GBP 0.653B pounds to GBP 1.218B, which was significantly better than the expectations of 0.914B. Mortgage Approvals for the same period increased from 65.514K to 67.241K with a forecast of 65.7K. Investors are focused on statistics on business activity in the UK and the USA for January.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is expanding; however, it fails to catch the surge of last week’s “bearish” sentiments. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic keeps its upward direction but is rapidly approaching its highs, which points to risks of the overbought GBP in the ultra-short term.

Existing long positions should be kept in the short and/or ultra-short term until the situation is clear.

Resistance levels: 1.3208, 1.3245, 1.3300, 1.3349.

Support levels: 1.3151, 1.3100, 1.3055, 1.3000.

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Trading tips

To open long positions, one can rely on the rebound from the support level of 1.3151, with the subsequent breakout of 1.3208. Take profit – 1.3300. Stop loss – 1.3151.

A breakdown of 1.3151 may be a signal for new sales with target at 1.3055 or 1.3030. Stop loss – 1.3200 or 1.3208.

Implementation time: 2-3 days.

Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast

You can learn more about the current situation on GBP/USD and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as EUR/USD, GBP/USD, USD/JPY, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on GBP/USD and trade efficiently with NPBFX.
 
Brent Crude Oil: prices are in a correction 05.02.2020

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on Brent Crude Oil for a better understanding of the current market situation and more efficient trading.

Current trend

Today, during the Asian session, oil prices are growing slightly, retreating from record lows of January 2019, renewed the day before. Now the instrument has added about 0.45% and is testing the level of 55.00 for a breakout. The quotes are supported by the hope for additional reduction in production by OPEC+. At the moment, the production may be reduced by an additional 500K barrels per day. Meanwhile, the forecasts remain disappointing. So, yesterday, BP Finance Director Brian Gilvary said that due to the spread of coronavirus, oil consumption will decrease by 0.5% during the year.

The prices are under pressure of the ADP report on oil reserves released in the USA. According to the report, over the week of January 31, energy reserves increased by 4.18 million barrels after a decrease of 4.27 million barrels over the past period.

Support and resistance

On the daily chart, Bollinger bands are steadily declining. The price range is expanding, letting the "bears" renew record lows. The MACD indicator goes downwards, maintaining a strong sell signal (the histogram is below the signal line). Stochastic, approaching its lows, reversed into a horizontal plane, indicating that the instrument may become oversold in the ultra-short term.

It is better to keep the current short positions until the market situation becomes clear.

Resistance levels: 56.00, 57.29, 59.00, 60.00.

Support levels: 54.20, 53.40, 52.00.

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Trading tips

Long positions may be opened after a rebound from 54.20 and a breakout of 56.00 with the target at 59.00. Stop loss – 54.20. Implementation period: 2–3 days.

Short positions may be opened after the breakdown of 54.20 with the target at 52.00. Stop loss – 55.50. Implementation period: 1–2 days.

Use more opportunities of the NPBFX analytical portal: trading signals for commodities

How can a trader determine if it’s worth buying or selling Brent Crude Oil now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on Brent Crude Oil and trade efficiently with NPBFX.
 
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