US Oil on a 10-week high: US OIL Market Outlook – 21/05/2020

Thursday, 21/05/2020 | 07:22 GMT

Disclaimer

WTI hit our target as it continued to print higher, ending yesterday’s session on a 10 week high after EIA data showed a surprise drawdown of 4.983Mb in inventories, vs. a forecast build of 1.151Mb. Going forward, $35 key level for bullish momentum to continue.

Support: 33.79 / 32.92 / 31.39
Resistance: 33.79 / 32.92 / 31.39

TRADE NOW

SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/us-oil-on-a-10-week-high-us-oil-market-outlook-21-05-2020

Disclaimer

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