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Daily Market Round Up – Doha meeting a flop, Longer-term support for oil

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Today's daily market roundup with Marcus Ashworth, Chief Market Strategist at Haitong Securities, and Zak Mir, Technical Analyst at Zak's Traders Café. We discuss the Doha meeting and the outlook for oil, and look at single stocks – SGP, TCG and CHOO. Key Points: "Doha Meeting – was worthless to freeze production at record level, fooled people" "Saudi's trying to bust all the shale producers. Saudi's have plenty of assets, fit in the long-term" "Saudi's need around 2 years to bust the shale

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