Trading news

OIL breached above the 200-daily SMA – US OIL Market Outlook – 18/09/2020

WTI Crude breached the 200 period SMA on the daily chart, hitting our long entry resistance targets at $40 and $41 pbl, as it ended yesterday’s session on a two week high close after OPEC+ agreed to extend the compensation period for overproduction till end of December as the Saudi oil minister warned short traders whilst telling them to “make my day” ! Looking for an hourly close above 41.50 resistance level to favor further upside with 42.50 as the next major resistance.

Support: 41 / 40
Resistance: 41.50/ 42

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Friday, 18 Sep, 2020 / 8:20

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


Markets drift sideways as US stimulus deal awaited

  US stimulus deal edges closer as talks continue, investors hold [...]

Posted on Friday, 23 Oct, 2020 / 10:08 under

Roller-coaster ride on the DAX – DAX 30 Market Outlook – 23/10/2020

Roller-coaster ride on the Dax-30, testing September lows before ending [...]

Posted on Friday, 23 Oct, 2020 / 7:53 under

OIL remains under pressure by surging COVID-19 cases and further lockdowns – US OIL Market Outlook – 23/10/2020

Comments out of President Putin, saying that Russia has not ruled out the [...]

Posted on Friday, 23 Oct, 2020 / 7:52 under