Clem Chambers, Founder of ADVFN, explains why he is suspicious of the oil narrative, and further highlights the key services of ADVFN. Interviewed by Zak Mir, Technical Analyst for Zak’s Traders Café.
Key Points:
“Oil price has moved up with equities and equities have been held up by oil prices – this is a fundamental move than an OPEC move.” “Oil – fundamentals not really exciting, suspicious of narrative – Oil prices haven’t slumped, still above $40/barrel” “Short-term its narrative, long-term its fundamental. What’s ahead? – sideways ahead and then trick up.”
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