Ole Hansen
The Russian and Saudi energy ministers met ahead of Opec’s late-November deal, but Saxo Bank head of commodity strategy Ole Hansen says the future for oil remains cloudy.
Squawk / 19 July 2016 at 11:51 GMT
Technical Analyst / FuturesTechs
United Kingdom
The DAX has seen some selling today and this is of little surprise to chart nerds like me as we hit the 200 day SMA and the "Brexit Gap" yesterday (both around 10100 on the Sep '16 Futures chart) and found sellers. The chart suggests there could me more downside to come targeting 9870 and 9834 and if these two gave way I'd be targeting a deeper setback to 9772, maybe even 9644.5 and 9535.

The main "caveat" to this is US Equity markets, which still look very strong (despite the warning signs we're getting from all these gaps as per my article last week). They're just not going down!

If you wanted to try a short in the DAX today/this afternoon may I suggest 9964 and/or 10000-08 as potential areas of interest.


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