Trading news

Oil could bounce back after 2 weeks of losses – US OIL Market Outlook – 14/09/2020

WTI Crude suffers second weekly loss as demand worries, increasing U.S. stockpiles and OPEC compliance weighed down on prices with investors monitoring tropical storm sally which is expected to turn into another hurricane, possibly shutting down refineries and lifting prices with technicals favoring higher prints.

Support: 37.20 / 36
Resistance: 38 / 38.70

SquaredFinancial Daily Market Outlook

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SquaredFinancial Review

Monday, 14 Sep, 2020 / 7:48

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Source : https://www.squaredfinancial.com/learn/daily-market-outlook/oil-could-bounce-back-after-2-weeks-of-losses-us-oil-market-outlook-14-09-2020

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