Trend Trading: Long Brent Crude Oil

(AI Video Summary)

Previous trading results for gold, USD basket and NY sugar

In this week’s “Trading the trend” segment, Axel Rudolph reviews recent trading strategies and results. The strategy of going long spot gold, which initially traded at $2,333 per troy ounce, saw a profitable rally, advising traders to either take a profit of $40 or adjust stop losses to protect the earnings.

The strategy of shorting the US dollar basket has recently become profitable, recommending that traders adjust their stops for a risk-free position.

New York sugar trade, re-entered by crossing short after an initial stop, also suggests readjustment to a break-even loss on anticipated further declines.

This week’s trading opportunity

Additionally, a new opportunity to go long Brent crude is highlighted in the early months, with buy recommended near current levels, with a strategic stop loss at 80.45 and an upside target just below 90.00, capitalizing on recent downtrend approaching significant support levels.