Why gold traders should watch USOIL – Exness explains
Why gold traders should watch USOIL – Exness explains
Exness experts have made recommendations to their traders, outlining the advantages of the platform's tools.
Gold traders note the increased volatility of the XAU/USD pair in recent months. Initially, the price fell to a low of $2,340 before rising to a record high of $2,432 a few weeks later.
Opening orders in the right direction at the beginning of this surge have yielded great results for XAU traders, but with open orders remaining below the $2,000 level, they are limited by the current volatility of intraday trading. At this point, many traders have come to appreciate the benefits of USOIL.
USOIL is well suited for traders of all levels, allowing them to navigate oil price dynamics without using even the most basic technical tools.
Exness analysts explained why traders of all strategies choose USOIL. For short- and long-term reversals, investors and intraday traders have many options. But is oil trading easy, risky, or perhaps only for professional traders?
The charts for USOIL show a clear rhythm. Small price swings of $4 to $6 from high to low occur daily, whether up or down.
Then there are average swings of about $9 to $16, which are suitable for traders who buy low and are willing to hold and sell high. These swings occur every 2 weeks on average.
Epic rhythms occur much less frequently. They are more suitable for long-term traders who buy on the lows and hold on to the highs.
Over the past 5 years, USOIL has had several long general uptrends that abruptly stopped and brought the price back down. These resets can bring the price down by as much as $50. This is an opportunity to make a solid amount of money.
If you intend to make USOIL your daily/weekly trading tool, Exness has everything you need, from protection features that can mitigate a crash to low trading costs that maximize potential profits during a rally.
Exness is a proven broker that offers the most favorable terms. Exness meets all its payment obligations and allows you to withdraw your profits.
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