Saxo Group Videos
Videos Channels Search

It's a tug-of-war for the oil price & right now no-one's winning

A tug-of-war between over-supply and speculation is keeping oil prices moving sideways, according to Saxo Bank's Head of Commodity Strategy Ole Hansen. Ranges are tightening, and that may well give traders the sense that a move in the markets is imminent.    


WTI is trading at around USD 44.24 but both the 13 day and 20 day moving averages haven't been troubled since September. The market is attracting many investors keen to be well positioned ahead of an anticipated move upwards.

Ole Hansen brings traders up to date with the latest market conditions and outlines his thoughts on trades.     
 

02:17 minutes
Tags: commodities, commodities markets, commodities supply, commodity, commodity index, commodity investing, commodity investments, commodity market, commodity markets, commodity outlook, commodity prices, commodity strategy, commodity trade, commodity trading, content, copper, cr, crash, crbindex, credit, credit bubble, credit rating, credit risk, crimea, crisis, crops, crosses, crude, crude oil, crude oil price, crude oil prices, crude price, crude prices, crude spread, crudeoil, o9i, oi, oikl, oil, oil 100 price, oil 50 a barrel, oil 80 a barrel, oil and gas, oil and gas engineer, oil and gold, oil asia, oil barrier, oil bounce, oil cargo, oil commodities, oil companies, oil company, oil consumer, oil crash, oil crisis, oil currencies, oil currency, oil decline, oil declines, oil demand, oil down, oil drop, oil egypt, oil equity, oil exploration, oil futures, oil gains, oil gold corn, oil grilling, oil growth, oil hits 80 dollars, oil industry, oil inventories, oil iran, oil levels, oil libya, oil market, oil market', oil market', oil markets, oil news, oil opec production, oil outlook, oil pressure, oil price, oil price fall, oil price targets, oil prices, oil prices 2015, oil prices historic, oil producers, oil production, oil range, oil refinery, oil sector, oil selloff, oil services sector, oil shutdown, oil spread, oil stockpiles, oil stocks, oil supplies, oil supplies threatened, oil supply, oil tankers, oil targets, oil trading, oil trading', oil trading', oil trading', oil trading', oil up, oil us shutdown, oil wealth, oilsupply, oioi, wti, wti and oil, wti brent, wti brent spread, wti crude, wti crude oil, wti export russia, wti keystone, wti price, wti russia, wti russia us, wti supply, wti ukraine, wti vs brent, wticrude

Switch to