Shorting Crude Oil come hell or high water? [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

US crude plummeted 4% yesterday and sank below the $70pb mark and Brent slipped below $75pb.

Falling energy prices help soften global inflation expectations and keep the central bank doves in charge of the market, along with sufficiently soft economic data that points at the end of the global monetary policy campaign.

The US and European yields continue to fall, the S&P500 and Nasdaq both fell yesterday, while their European peers extended gains regardless of the overbought conditions. The Stoxx 600 closed yesterday’s session above the 470 level and screams: correction!

Author

Ipek Ozkardeskaya

Swissquote Bank Ltd

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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