Turning points: United Icap's Walter Zimmermann
From meditating with the Maharishi Mahesh Yogi to using fractals to predict oil prices, Walter Zimmermann of United Icap has had a remarkably varied career. Alexander Osipovich reports
To some people, it is a provocative idea. But Walter Zimmermann is a fierce proponent of the value of technical analysis in energy markets. In his view, oil prices do not depend on how much crude Libya will pump next year or when the Seaway pipeline will be reversed; instead, they depend on the emotions of investors, and the best way to predict that is through an examination of price charts. If
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