Trading news

STO Technical - Oil’s ascending triangle at risk?

Front month US crude has been forming an ascending triangle over the last 10 days. Expect volatility early next week when March futures are due for settlement, but breaks lower do seem possible. Support at recent lows of $53.40, resistance at $54.40-$54.50.

EUR/GBP continues to threaten a break below the 200 day moving average, currently around 0.8450. If successful, expect a move down to 50% retracement of post-Brexit referendum rally at 0.8395, resistance at 0.8585.


STO Review

Friday, 17 Feb, 2017 / 9:57

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

Source : https://www.stofs.com/en/newsroom/entry/TECHNICAL/oils-ascending-triangle-at-risk

Trading news

 

US stimulus deal moves closer, Brexit talks ‘go backwards’

  Stocks at records or near highs as US Republicans change tune on [...]

Posted on Friday, 04 Dec, 2020 / 10:38 under

Bulls remain in control despite Brexit tensions – GBP/USD Market Outlook – 04/12/2020

The pound resumed its overall bullish trend, reaching our 1.3450 target, [...]

Posted on Friday, 04 Dec, 2020 / 8:59 under

DOW remains torn between good and bad news – DOW JONES Market Outlook – 04/12/2020

Another lackluster session is expected today for the Dow Jones stock index [...]

Posted on Friday, 04 Dec, 2020 / 8:58 under