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  • Squawk / Wednesday at 14:34 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    WTI Crude Oil Trading View: as per my view, almost hit 1st target 44.27 & recent high 44.21, safe traders book profit & rest wait for 45.00...
    Read the Squawk
  • Calendar event / Wednesday at 14:30 GMT
    High Crude Oil Stocks, Net Chg (Bbl)
    -2M
    -2.451M
    High Gasoline Stocks, Net Chg (Bbl)
    -0.1M
    -0.578M
    High Distillate Stocks, Net Chg (Bbl)
    +0.2M
    +1.079M
    Med Crude Oil Stocks (Bbl)
    509.095M
    Med Gasoline Stocks (Bbl)
    241.866M
    Med Distillate Stocks (Bbl)
    152.495M
    Med Refinery Usage
    94.3%
    94%
    Med Total Prod Supplied (Bbl/day)
    21.067M
    Med Total Prod Supplied, Net Chg (Bbl/day)
    +1.553M
  • Squawk / Wednesday at 12:30 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    WTI Crude Oil Trading View: now having support zone 42.80 & recent low 42.99, below holding means 42.16 & 41.50 easily looking other wise again rise up to 44.27 & 45.00...
    Read the Squawk
  • Calendar event / 20 June 2017 at 20:30 GMT

    US API Weekly Statistical Bulletin

    forecast
    actual
    Med Crude Stocks, Net Chg (Bbls)
    -2.7M
    Med Gasoline Stocks, Net Chg (Bbls)
    +0.3M
    Med Distillate Stocks, Net Chg (Bbls)
    +1.8M
  • Calendar event / 14 June 2017 at 14:30 GMT
    High Crude Oil Stocks, Net Chg (Bbl)
    -2.6M
    -1.661M
    High Gasoline Stocks, Net Chg (Bbl)
    -0.7M
    +2.096M
    High Distillate Stocks, Net Chg (Bbl)
    +0.6M
    +0.328M
    Med Crude Oil Stocks (Bbl)
    511.546M
    Med Gasoline Stocks (Bbl)
    242.444M
    Med Distillate Stocks (Bbl)
    151.416M
    Med Refinery Usage
    93.9%
    94.4%
    Med Total Prod Supplied (Bbl/day)
    19.514M
    Med Total Prod Supplied, Net Chg (Bbl/day)
    +0.174M
  • Squawk / 14 June 2017 at 13:51 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Crude oil trades on the back foot ahead of EIA's 'Weekly Petroleum Status Report' at 1430 GMT. A double dose of price negative news has triggered the latest weakness. The API yesterday reported another counter seasonal rise in US crude inventories, this time by 2.75 million barrels. The IEA in their 'Monthly Oil Market Report' today said that non-Opec oil production growth could meet demand growth in 2018. This would leave limited room for Opec to increase production post the current 9 month extension.
    Today's EIA report is surveyed to show a drop in oil stocks by 2.4 million barrels and gasoline by 1.2 million. Last week saw total oil and fuel inventories rise by a combined 15.5 million barrels, the biggest weekly jump since 2008.
    That jump was triggered by lower exports together with higher imports and weaker refinery and gasoline demand (see table below). WTI needs a break above $47.80 before stabilizing
    IEA link: https://www.iea.org/oilmarketreport/omrpublic/
    Read the Squawk
    14 June
    Ole Hansen Ole Hansen
    Charts
    15 June
    Vladimir M Vladimir M
    Similarly in the heat icecream will be cheaper, because street vendors increased inventorys. - !
    6d
    bossanova_jazz bossanova_jazz
    How about the LPG price ?? Is there any side effect from qatar banned?
  • 14 June
    Alan M Alan M
    Was thinking that this trade is worth another shot, looks like good long term resistance back to the end of 2016. Also looking at a similar setup...
    15 June
    TastyTrend TastyTrend
    Sure, my options still open, I wait come back.. Next week If price remains above 145, it will be returned to the north.
    5h
    Georgio Stoev Georgio Stoev
    We may finally have a break, @146.66
  • Article / 12 June 2017 at 9:00 GMT

    COT: Gold exposed ahead of FOMC — #SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Gold exposed ahead of FOMC  — #SaxoStrats
    Hedge funds cut bullish exposure across 23 US traded commodity futures and options by 6%, or 34,932 lots, in the week ending June 6. For a second week the bulk of the selling was driven by continued long liquidation of natural gas. Oil was bought due to the Qatar spat, while a three-week record buying spree has left gold exposed ahead of the FOMC meeting.
    Read the article
    12 June
    Ole Hansen Ole Hansen
    Funds cut bullish Brent crude oil bets by 12% or 42,000k in week to June 6. Biggest one-week jump in gross-shorts since Nov 8
    12 June
    Market Predator Market Predator
    Hello Ole. Interesting disrepancy between speculative change WTI Oil longs between: Nymex & ICE. (Nymex adding; ICE quite significantly reducing) Not very usual, am I right?
    16 June
    Morris Morris
    Is there any relationship between the Dollar and Commodity prices? A stronger Dollar positive or otherwise for commodities?
  • 13 June
    ChristianK ChristianK
    Was stopped out today...
    13 June
    Georgio Stoev Georgio Stoev
    Yes, we hit 1.4746 intraday. Will provide an update soon.
    13 June
    Pandorra Pandorra
    I guess there're no serious deals for bulls below 1.5700