Excerpt from: CFDs & Spread Bets
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| June 03, 2008 | | Placing spread bets on oil prices | Financial spread betting strategy on oil prices should consider that things are down right now, but that they could recover. With oil prices well below $130 this could mean that it will start moving up again as investors take advantage of the lull. CNN Money reports on oil prices:
"Typically a seesaw pattern is an indication that the market has
peaked," said Victor Shum, an energy analyst with Purvin & Gertz in
Singapore. "But some see this as an opportunity to buy. Global demand
remains tight and supply remains restrained." | Topic Tags: financial spread betting, oil prices, placing spread bets, spread bets oil prices, spread betting, spread betting oil prices, spread betting strategy | |
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