How to trade oil if it falls to $20 - SocGen

Discussion in 'Market News' started by ForexLive, Jan 9, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Oil analysis from Societe General: "Tensions in the Middle East between Saudi Arabia and Iran, the threat of a nuclear test by North Korea, weak China PMI and the PBoC accelerating the yuan depreciation are all undermining market risk appetite. This puts the commodity complex under pressure. Our latest 'Oil Drivers: There will be blood' underscores the huge global oversupply situation and the current overwhelmingly bearish sentiment.

    Continue Reading...

Share This Page

free forex signals