Saxo Group Videos

Hansen: The crude facts about trading oil in turbulent times

Over the past week, we've seen one of the biggest rallies in the price of crude in a quarter of a century. But Saxo's Ole Hansen says negative sentiment is still there as the driver continues to be weak fundamentals including oversupply and rising inventories. Opec and in particular Saudi Arabia also continues its fight for market share.

Hansen admits it is difficult to trade when prices are all over the place. He discusses putting a stop at almost three US dollars away from the entry level. He says when volatility doubles, traders should half the amount they are trading per trade.

Ole says he's keeping an eye on USD 43.5 and explains why.

03:05 minutes
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