Oil – A Political Toy

funny oil

  • Market sentiment has been fickle but news on the ground remain bullish that this turn up is for good
  • Others see this as a short term Q1 dead cat bounce due to on-going view for a 17th April meeting
  • Short covering rally but is this the bottom here?
  • Recent pain trade is to try and short oil while risk reward remain skewed for a retest lower
  • Catalyst for higher prices remain either a severe production cut or a potential geo-political instability

 

 

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