SaxoTV

Hansen: The crude facts about trading oil in turbulent times

619 views
September 03, 2015 brent, brent crude, brent geo-political, brent price, brent wti, brent wti spread, commodities, commodities markets, commodities prices, commodities supply, commodities trading, commodity, commodity investing, commodity market, commodity markets, commodity outlook, commodity prices, commodity sector, commodity strategy, commodity trade, commodity trading, commoditymarket, crude, crude oil, crude oil price, crude oil prices, crude price, crude prices, crude spread, crudeoil, inventories, iran, oil, oil and gas, oil commodities, oil demand, oil industry, oil inventories, oil market, oil markets, oil news, oil price, oil prices, oil production, oil range, oil refinery, oil spread, oil stocks, oil supplies, oil supply, oil trading, oilsupply, opec, opec intervention, opec meeting, opec news, opec oil price, opec price, opec production, options market, saudi, saudi arabia, saudi oil, saudi opec, saxo, saxo bank, saxo tv, saxotv, trade idea, trading, tradingfloor, tradingfloor.com, united states, volatile, volatile market, volatility, volatility oil, wti, wti and oil, wti brent, wti brent spread, wti crude, wti crude oil, wti crude prices, wti price, wti supply, wti vs brent, wticrude
Over the past week, we've seen one of the biggest rallies in the price of crude in a quarter of a century. But Saxo's Ole Hansen says negative sentiment is still there as the driver continues to be weak fundamentals including oversupply and rising inventories. Opec and in particular Saudi Arabia also continues its fight for market share.

Hansen admits it is difficult to trade when prices are all over the place. He discusses putting a stop at almost three US dollars away from the entry level. He says when volatility doubles, traders should half the amount they are trading per trade.

Ole says he's keeping an eye on USD 43.5 and explains why.