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




Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s