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Home Market News Markets

Oil prices remains well settled

Carlo Alberto De Casa by Carlo Alberto De Casa
June 25, 2019
in Markets, Opinion, World
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Oil is consolidating above $57 (WTI), after the +10% achieved last week. From a technical point of view prices remains well settled, with a potential target of $58.5 and after that $60.

Geopolitical tensions and expectations for a dovish Fed are the two main elements supporting the recovery of the barrel in this scenario.

Photo by Cole Keister.

Tags: Geopolitical tensionsOil Market
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Carlo Alberto De Casa

Carlo Alberto De Casa

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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