WTI in a consolidation phase after a strong December with the price slowing down to test the support level of $57.70-$58 once again. Despite the risk on seen across markets, the barrel was unable to hold the gains achieved in the final weeks of 2019. The US-Iran situation is not worrying markets at this stage, while the signing of the Phase One deal between the US and China was largely discounted and was unable to further lift the oil price.
Chief analyst at ActivTrades and technical analyst for Italian newspaper 'La Stampa'. Carlo Alberto provides regular commentary for UK outlets including the BBC, Telegraph, the Independent Bloomberg & Reuters. He is also a weekly commentator for CNBC Italy and a columnist for La Stampa. He worked for Bloomberg as their Equity Research Fundamental Analyst before joining brokerage ActivTrades in 2011 to specialize in currency markets and commodities. In 2014 he published a 250-pages book on gold and the gold market, followed in 2018 by a new updated edition.
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© 2019 High Leverage FX - All Rights Reserved.