Posted November 19, 2014 Adam Broadbent
Steve Gordon, Director at Met Traders, was interviewed recently by Imogen Comrie at Dukascopy TV. He discussed topics such as oils global decline in price and his current observations on the quietness in the markets. He felt a lot of people were waiting on the sidelines and believes $75 to be a pivotal level. Although there are always cycles, Steve believed oil prices would stay low in the short term and probably even go lower. Since the interview, oil prices have declined by a further USD$10.
Listen to the full interview here