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
Risk Warning: 56.82% of retail CFD accounts lose money
This analysis is just part of a greater daily market report on 8+ of the hottest instruments and assets provided to all SquaredFinancial clients.
Disclaimer: This information is only for educational purposes and is not an investment recommendation. The information here has been created by SquaredFinancial. All examples and analysis used herein are of the personal opinions of SquaredFinancial. All examples and analysis are intended for these purposes and should not be considered as specific investment advice. The risk of loss in trading securities, options, futures, and forex can be substantial. Customers must consider all relevant risk factors including their own personal financial situation before trading.