ICMarkets, a leading trading platform, will provide strategies on how to trade oil on June 28th, led by notable market analyst, Desmond Leong.

Australian-based broker, ICMarkets will host a free webinar to cover oil trading-related issues. The webinar is scheduled for 4:30 PM - 5:30 PM ICT on Tuesday, June 28.

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Commodities are generally considered a hedge against inflation because of their scarce supply and high demand. When inflation is high, investors usually switch from indices and forex to commodity markets to keep their portfolios safe.

Oil can be an investment that you can consider during economic difficulties. As we all know, the oil industry is very competitive and volatile. Profits and losses can fluctuate due to small changes in demand or movements from oil nations such as Saudi Arabia and Russia. Not only that, the imbalance of supply and demand can also cause huge fluctuations in oil prices. In early 2022 itself, when Russia invaded Ukraine, crude oil prices soared into the triple digits for the first time in years.

In this webinar, the ASIC-regulated broker will be covering the following aspects of "How To Trade: Oil":

  • Everything you need to know about the black gold
  • Fundamentals that affect oil prices
  • Key technical correlations
  • What moves oil?

ICMarkets webinar this time will be hosted by Desmond Leong, a market analyst who runs an award-winning research firm while also advising banks, brokers, and hedge funds. He takes on the market daily using a combination of technical and fundamental analysis.