In 2018, the oil market experienced spikes and dives, accompanied by bullish and bearish forecasts that were often way off track. But the slump seen in Q4 appears to have found a floor; and trading mindset now turns to the 2019 ceiling and support / resistance levels as oil prices rise.
So where from here over the short-term? ReachX put the topic to oil market analyst and our head of content Gaurav Sharma in a wide ranging podcast, initially broadcast live on 25 April.
To listen to Gaurav Sharma's podcast on SoundCloud click here.
Over a wide-ranging podcast, Gaurav discusses what's next for OPEC, impact of US sanctions on Iran, and possible geopolitical premiuims arising out of situations in Venezuela, Nigeria and Libya. Oil demand scenarios in the face of economic headwinds (including the US-China standoff, perceived European and Chinese slowdowns), short-term benchmark pricing and the growing clout of US oil producers were also among the myriad opics to be discussed.
Disclosure:
I have positions in the securities referenced in the contribution
I do not use any non-public, material information in this contribution
To the best of my knowledge, the views expressed in this contribution comply with UK law
I agree with the terms and conditions of ReachX
This contribution is for informational purpose and does not constitute investment advice nor is it an offer to sell or buy, nor is it a recommendation for any security.
ReachX T.
