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#SaxoStrats - USD 55.00 a potential 'magnet' for WTI and here's why
Saxo Bank's Head of Commodity Strategy Ole Hansen outlines his latest #SaxoStrat. Following OPEC's decision not to cut production levels, the WTI price could continue to fall below USD 60.00 which has been the key level in the range for the last two months. With added supply from Iraq, and possibly Iran, Ole explains why he's using the USD 56.00 put option to trade the fall in price he expects, with the USD 55.00 level potentially becoming a "magnet" in the market.
00:56 minutes
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