In this video we explain why we are now looking to take short positions in the Oil market.
TLDR:
- The fears of global supply problems from Russia/Ukraine conflict could be overplayed and that supply is able to be met by other suppliers increasing their supply within OPEC+ if Oil prices become a problem (which they already are).
- Politically high Oil prices are bad for governments so expect some action from policy makers if the price continues to rise much more (already seeing these reports now).
- Technical Analysis suggests we are entering levels of historic resistance.
- Last week (at the height of the Russia / Ukraine outbreak the Oil market sold off significantly from the current levels we are at right now.
Let me know in the comments below your own thoughts on where Oil is headed next.
TLDR:
- The fears of global supply problems from Russia/Ukraine conflict could be overplayed and that supply is able to be met by other suppliers increasing their supply within OPEC+ if Oil prices become a problem (which they already are).
- Politically high Oil prices are bad for governments so expect some action from policy makers if the price continues to rise much more (already seeing these reports now).
- Technical Analysis suggests we are entering levels of historic resistance.
- Last week (at the height of the Russia / Ukraine outbreak the Oil market sold off significantly from the current levels we are at right now.
Let me know in the comments below your own thoughts on where Oil is headed next.