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Supply and Demand: Two forces that have a huge impact on markets, such as oil. Recently, a situation arose where a major oil company had to pause all oil tanker transits through the Red Sea, potentially creating a significant restriction in oil supply. As a result, the oil market rallied and experienced a swift run-up, which always creates opportunities for intraday traders, especially when supported by other technical areas in the chart prone to breakout. Understanding what to do when such information enters the market can create very profitable opportunities for traders.
If you want to see more examples of technical charts that are prone to breakout, watch our previous video at • How To Review Your Top...
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