Chasing Oil Spikes? How Geopolitics Can Wreck Setups

52
Oil prices surged over 12% in Asia on Middle East headlines, sparking a surge of volatility across safe-haven currencies and stock market futures during thin trade.

It felt like a good time to provide food for thought to newer traders looking to chase these moves, highlight the mockery geopolitics can make of technical analysis with recent examples, and provide a filter for when the waters may be safer to reenter.


Matt Simpson, Market Analyst at City Index and Forex.com

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.