WTI ends yesterday’s session higher, bouncing off our support level at 37.20, on the back of a surprise upbeat in Durable Goods Orders and assurances by White House Economic Advisor Larry Kudlow that the U.S. was not going to shut the economy down. With prices supported from below by the 20,50 and 200 period SMA, an hourly close above 39.27 resistance level will favor further upside with 40 as the next resistance target.

Support: 37.50 / 37.20
Resistance: 39.27 / 40

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.

Register for a live account and receive the daily report in full detail for free. 

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.