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


Weak Economic Data supported higher prints – GOLD Market Outlook – 26/11/2020

Gold hit our long entry resistance target at 1815, bouncing off the 1800 [...]

Posted on Thursday, 26 Nov, 2020 / 10:03 under

Euro bulls targeting 1.20 – EUR/USD Market Outlook – 26/11/2020

The Euro extends gains above 1.19 after weaker than expected US macro data [...]

Posted on Thursday, 26 Nov, 2020 / 9:37 under

Help is On the Way

The Fed considers helping the US economy “fairly soon”, the ECB [...]

Posted on Thursday, 26 Nov, 2020 / 8:54 under