Is oil heading to $41? - Tip TV

May 05, 2017, 09:52 AM

Independent Market Analyst Matt Brown and Tip TV Presenter Zak Mir take note of the sell-off in oil prices and discuss the bearish Point & figure chart by Investors Intelligence, which suggests the prices could extend losses further to $41/barrel.

Key points

Non-farm payrolls - Watch out for the revisions to the prior number. The unemployment rate would be important as well.

Trump’s first legislative victory - House passes legislation to repeal and replace ObamaCare. Brown says this is a small victory for Trump.

Watch the full segment for more info on - trade of the day: Sell AstraZeneca, Oanda forex market sentiment and Broker Recommendation.

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