Trading news

WTI Crude Oil Falls Back Into Consolidation

Oil prices have been somewhat volatile over the past few sessions.

After trading strongly above the 42.00 level, oil prices gave way, paring gains. As a result, WTI crude oil is now trading within the 42.00 and 41.00 levels.

A breakout from this range needs to be convincing in order to maintain the trend.

While the bias remains to the upside, we could expect this sideways action to prevail.

To the downside, below the 41.00 handle, the previous lows near 39.00 might act as support.

To the upside, 43.00 forms the key resistance level.

Orbex Review

Tuesday, 11 Aug, 2020 / 11:48

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

Source : https://www.orbex.com/blog/en/2020/08/wti-crude-oil-falls-back-into-consolidation

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