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Vaccine News Drive Energy Markets – US OIL Market Outlook – 23/11/2020

SquaredFinancial

Third consecutive weekly close in the green for WTI Crude, ending Friday’s session above $42pbl as we continue to print higher in early trade today after a U.S. official said on Sunday that vaccination could start within weeks in the United States, lifting market sentiment with technicals favoring higher prints, having $43.20 as closest resistance target.

Support: 42/ 41
Resistance: 42.50 / 43.20 – 43.50

SquaredFinancial Daily Market Outlook


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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/vaccine-news-drive-energy-markets-us-oil-market-outlook-23-11-2020
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