Two reasons why I should trade oil? - Marshall Gittler

Marshall Gittler Trading Analysis

Oil price is much more volatile than currencies. The Head of Investment Research at FX Primus Marshall Gittler remarks the upsides of trading oil versus another instruments.

Gittler highlights that the daily ranges in oil are wider than the EUR/USD; in addition, Oil offers better opportunities to diversify your risk with an uncorrelated asset.

Watch the full webinar: Introduction to oil: Background to the market and outlook for the price

Author

Marshall Gittler

Trading Analysis

BNB Price Forecast: Derivatives back bullish upside continuation

BNB, formerly known as Binance Coin, edges lower, trading around $790 on Monday after posting three consecutive weekly gains. Rising Open Interest and positive funding rates suggest that bullish positioning is strengthening in the derivatives market.

Solana Price Forecast: SOL rally remains capped as ETF inflows ease

Solana price edges lower on Monday, hovering around $120 after four consecutive days of trading in the green. The institutional support for SOL eased last week, with total inflows of less than $2.50 million, from over $188 million in the previous week. The technical outlook for SOL remains mildly bullish, forming a triangle pattern on the four-hour chart.

Dogecoin Price Forecast: ETF inflows and technicals fuel recovery

Dogecoin extends its gains, trading above $0.096 after finding support around the key support zone last week. Continued inflows into spot DOGE ETFs, alongside strengthening derivatives metrics, indicate improving market sentiment. Meanwhile, the constructive technical outlook suggests the meme coin could extend its gains if the key level holds.

Cardano Price Forecast: ADA rally strengthens bullish breakout setup

Cardano (ADA) price extends a steady recovery on Monday, trading above $0.2600 after a 6% rise the previous day. The altcoin sees strong retail demand, with ADA futures Open Interest up 15% in 24 hours and the funding rate remaining positive. Cardano must confirm the breakout of a key resistance level near $0.2632, which could further extend the rally toward $0.3000.

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.