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Bullish momentum remains strong as economy continues to open – US OIL Market Outlook – 23/06/2020


3 months high for WTI as it ended yesterday’s session above $40 pbl as states continued to reopen their economies despite an uptick in Coronavirus cases. Trump reaffirmed that the China trade deal is fully intact after senior aid Navaro rattled markets answering a question related to the deal by “It’s over, Yes” . A volatile trading day ahead with Eurozone and U.S PMI’s to be released, along with API weekly crude oil stock, as we look for a break above or below our resistance/support for direction.

Support: 40 / 39.27
Resistance: 41 / 42

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/bullish-momentum-remains-strong-as-economy-continues-to-open-us-oil-market-outlook-23-06-2020
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