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

 

Stocks lick wounds; pound tumbles on lockdown fears

  Selloff in equities eases but sentiment still subdued amid virus [...]

Posted on Tuesday, 22 Sep, 2020 / 9:56 under

DOW weighed down amid fresh lockdown worries – DOW JONES Market Outlook – 22/09/2020

Global equities tanked on fresh lockdown worries across Europe and possible [...]

Posted on Tuesday, 22 Sep, 2020 / 8:19 under

1.17 is the line in the sand for the Euro – EUR/USD Market Outlook – 22/09/2020

The bearish pressure on the Euro is mounting as price is currently trading [...]

Posted on Tuesday, 22 Sep, 2020 / 8:18 under