Trade of the Week – 01-09-2024 – WTI (Oil)
Weekly Highlights and Performance Overview
Welcome to our “Trade of the Week” page! Here, we spotlight the standout trading signal that delivered exceptional results for our members. This page serves as an educational resource, showcasing the performance of selected trading signals and offering deep insights into the strategies that led to their success.
Featured Trade Signal
https://signalsoracle.com/wp-content/uploads/2024/09/WTI01Sep2024.jpg
Date of issue – 01-09-2024
Commodity – WTI (Oil)
Entry Price– 74.1
Stop Loss – 73.69
Take Profit 1 – 74.51 | Reward to Risk Ratio – 1:1
Take Profit 2 – 75.33 | Reward to Risk Ratio – 3:1
Result at a Glance
Outcome – Hit Target 1 – Breakeven
Note: This trade was shared with our members last week as part of our weekly signals service. For more details, view the original signal here.
Strategic Insights
- Target 1: Set a 1:1 reward-to-risk ratio to ensure a breakeven point.
- Target 2: Set at a 3:1 reward-to-risk ratio, allowing for a maximum profit before the end of the week.
Market Conditions and Analysis
The trade was entered in the final hours before the close of the previous week. We will find out the outcome of the trade most probably on Monday (2nd Sep).
Summary and Learnings
WTI is expected to bounce up to 76, by which point our targets will be achieved. Bearishness is likely to set in around 76.5.
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