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  • 21h
    Kaj Kaj
    Ole, thankyou for your very helpful articles. At present i find it confusing that PM miner stocks e.g. GDX, seem to be lagging gold & silver...
    15h
    Sahin Sahin
    Hi Ole,

    an impressive -but expected - rise in XAUUSD, however, would it be too abnormal to expect a correction between %1.1 - %1.39 for the...
  • Squawk / Thursday at 13:43 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    The EIA will release its weekly Petroleum Status Report at 16:00 GMT today. The market has been buoyed today by the API report from last night which showed a surprise oil inventory drop of 0.9M barrels. During the last hour it has received an additional boost from the weaker dollar following comments from new Treasury Sec. Mnuchin. In the unlikely event the EIA also shows a drop (surveys says +3M bbl) it would be the first drop since December. Other data to look out for in the report will be gasoline inventories - hit record last week - and the levels of both import and export of crude oil.
    Crude oil imports is expected to taper off over the coming weeks as the impact of the January reduction in shipments from the Middle East will begin to be felt. On the other hand the market will also pay some attention to export data in trying to gauge whether last weeks 1M b/d reading was a fluke or an accelerating trend of rising exports.
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    2d
    asena asena
    Hello Ole ! there is Solar eclipse on sunday, next week markets could be hops down. What do you think so ?
    2d
    John Roberti John Roberti
    Dear Ole, last week already, I asked the question but I did not get a reply! This week, we have 9,7million barrels deficit in export and...
    1d
    Ole Hansen Ole Hansen
    Hi John, the same question has been raised by others in the market but so far i have not been able to find an answer. Some of...
  • 5d
    ashrafj1 ashrafj1
    so what is the expected for Cotton this week ?
    5d
    Ole Hansen Ole Hansen
    Funds increased bullish oil bets in Brent crude to a record 481,399 lots last week. The combined gross-long in WTI and Brent exceeded 1 billion barrels for...
    5d
    matsuri matsuri
    so when will correction come? such large exposure risks unexpected slip of price.
  • Squawk / 15 February 2017 at 13:56 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    It is once again time for the weekly 'Petroleum Status Report' from the EIA at 1530 GMT. In recent weeks this report has created a great deal of head scratching with the price of oil rallying despite inventories rising by more than expected. This situation has led to an article in today's Financial Times to which i provided some comments. Link: https://goo.gl/OYjBTZ
    API saw inventories rise by 9.9m bbl last week with EIA surveys looking for 3.5m bbl. The report includes a whole host of other data with the most important being collected in the chart below. Only 23k b/d needs to added before production breaks the 9m b/d mark so that may also attract some attention.
    Calendar link: https://www.tradingfloor.com/posts/us-eia-weekly-petroleum-status-report-2984512
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    15 February
    John Roberti John Roberti
    oil prices have made a roundtrip between 52,90 and 53,56 in a matter of 1h00 after EIA ! no explanations???
    15 February
    John Roberti John Roberti
    analysing in detail the eia report, I found a discrepancy: we have minus 6.1 million barrels in imports versus last week and plus 3,1 million in export...
    16 February
    AndrejLences AndrejLences
    Please Ole. And what do you think about Natural Gas price in next half a year ? Do you agree with EIA STEO forecast ? Thank you...
  • Article / 13 February 2017 at 9:21 GMT

    COT: Record longs in WTI and copper reduced — #SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Record longs in WTI and copper reduced — #SaxoStrats
    Hedge funds reduced their overall commodity exposure for a second week up until February 7. New short selling of oil and copper helped reduce record longs. Demand for precious metals continued, while strong buying was seen in corn and wheat before the monthly supply-and-demand report.
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  • Squawk / 10 February 2017 at 12:53 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    WTI Crude Oil Trading View: as per my view, almost hit 100% target 53.02 & 53.84 and recent high 53.83, after holding above my resistance level 52.35, all traders book profit & enjoy...
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    10 February
    commoditymarket2008 commoditymarket2008
    EURJPY already hit my 1st target ...
    10 February
    Cecio Contrarian Cecio Contrarian
    I saw yesterday :)
    13 February
    mariakol mariakol
    what about now