Oil skyrocketed following the Iranian retaliation. The barrel remains in a positive trend, as investors are seeing significant risk from the geopolitical scenario, with the supply side prone to disruption as a result of the escalation in tensions seen recently. With a strong bullish impulse, WTI jumped once again above $65 a barrel and Brent above $70 a barrel, before a new correction, however despite this small drop, the main trend remains positive.
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.