Oil prices rise to a 10-month high

Oil prices hit a 10-month high on Friday driven by Saudi Arabian production cuts and optimism around Chinese demand. The Federal Reserve is debating whether to raise interest rates one more time this year and how much to ease rates in 2024. Rental costs in the UK have grown at the fastest rate in at least 10 years. There’s a busy agenda of central bank meetings this week. Markus Wachter from Technical Analysis Research shares his thoughts on equities and oil from a technical perspective.

00:00 Introduction by Helen Freer (Investment Writing)

00:24 Markets wrap-up by Alexander Petersen (Investment Writing)

04:58 Technical Analysis update by Markus Wachter (Technical Analysis Research)

07:50 Closing remarks by Helen Freer (Investment Writing)

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