The new week started on a slow pace for oil, with prices declining after the recovery seen on Thursday and Friday. This confirms a weak environment for oil despite the agreement between US and Mexico.
Investors are looking closely at developments regarding trade talks between the US and China, while uncertainty about supply cuts is pulling down the price of crude oil.
Photo by John Cameron.
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.
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.