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  • Article / Monday at 16:12 GMT

    COT: Crude net-long jumped last week as short base collapsed

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Crude net-long jumped last week as short base collapsed
    Hedge funds increased commodity bets by 3% to 1.15 million lots, a two-year high, during the week ending May 17. Net buying was seen across all sectors apart from metals due to a second week of aggressive copper selling. Sugar longs hit a new record while crude oil longs jumped as the short base continued to dwindle on both WTI and Brent
    Read the article
    1d
    fxtime fxtime
    A 16:1 ratio seems more a tulip mania considering the increasing flotilla of crude stock holding. Whilst we have large outages on the world markets we aren't...
    1d
    Ole Hansen Ole Hansen
    Hi fxtime. That is an increased risk that can not be ignored. The question right now is what will be the trigger? The seasonal inventory draw/increased refinery...
    1d
    fxtime fxtime
    TOTALLY agree.....the safest route is via options. Straddle/Strangle OTM may be the safest but there are plenty of defined risk strategies available. Canada and Iran will likely...
  • Squawk / 18 May 2016 at 14:28 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Oil markets awaits the weekly inventory report from the EIA. So far the price has held below $50 which acts as a magnet but also a line traders are cautious about crossing.
    The report covers last week and will be the first to show some of the impact of the Canadian production slump.
    Initial reaction to follow shortly here
    Read the Squawk
    6d
    John Roberti John Roberti
    Dear Ole, there are papers stating tat Canada production is returning to normal level fast! Is this correct? If so, we may find that 50 dollar per...
    5d
    Ole Hansen Ole Hansen
    Hi John, the main focus in crude oil markets remain the multiple supply disruptions from Canada (ongoing), Nigeria (potentially worsening), Libya and Venezuela (worsening). Adding to this...
    5d
    Ole Hansen Ole Hansen
    Unplanned oil outages soar: ANZ says losses from Canada Nigeria Libya Venezuela total at least 2.6 million bpd
  • Article / 18 May 2016 at 9:35 GMT

    Gazprom dividend story doesn't end here

    Russia oil and gas expert
    United Kingdom
    Gazprom dividend story doesn't end here
    The Russian government's decree on increased dividend payout for state companies proved to be as pointless as the subsequent exercise in companies' lobbying power. Gazprom might have got away with paying less in dividends for 2015, but this might not be the end of it.
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    5d
    Nadia Kazakova Nadia Kazakova
    Interfax reported that the Board approved 7.89 roubles a share
    5d
    Nadia Kazakova Nadia Kazakova
    Shareholder register closes on July 20, dividends will be paid on August 3 and August http://www.interfax.ru/business/509090.
    5d
    Nadia Kazakova Nadia Kazakova
    On August 3 and August 24
  • Article / 18 May 2016 at 1:53 GMT

    Global Market Report: Outlook bearish for benchmark S&P/ASX200

    Global Investment Analyst / Rivkin
    Australia
    Global Market Report: Outlook bearish for benchmark S&P/ASX200
    The S&P/ASX200 rally looks exhausted, and further downside looks likely for the S&P500 in the near term. Turing to commodiites, WTI crude may offer opportunities following a correction. And corrective declines for spot gold keep open up the possibility of highs above $1,304/oz. Meanwhile watch out for near-term weakness in natural gas.
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  • Article / 16 May 2016 at 9:15 GMT

    COT: Bullish commodity bets reduced as dollar strengthens

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Hedge funds reduced bullish commodity bets for the first time in five weeks last Tuesday as the dollar strengthened. The biggest reduction was in metals with copper traders returning to a net short after just two weeks. Both gold and oil saw reductions as the short base increased
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  • Squawk / 15 May 2016 at 1:36 GMT
    Senior Analyst / Tallinex.com
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (May 16 - 20, 2016)

    EURUSD
    Dominant bias: Bearish
    This pair simply moved sideways in the first few days of last week – a result of deadlock between bulls and the bears. On May 12, 2016, the bears were pummeled and forced to give way, as price moved south vividly, just as it was mentioned in the last forecast. Further southward movement is anticipated this week, because USD is supposed to gain strength versus a number of major currencies, like AUD, CAD, NZD; with EUR included.

    USDCHF
    Dominant bias: Bullish
    As it was forecasted before, USDCHF managed to go upwards last week, in spite of desperate opposition from bears. The bullish movement last week was not up to 100 pips. Price is now around the resistance level at 0.9750 (below our targets for last week). The targets at 0.9800 and 0.9850 are still valid:

    Source: www.tallinex.com
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  • Article / 11 May 2016 at 13:29 GMT

    Nigerian attacks overshadowing US inventory report

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Nigerian attacks overshadowing US inventory report
    Crude oil has switched focus from Canadian disruptions to Nigeria, where a surge in attacks on oil facilities has seen production hit a 22-year low. In between, we had a false breakout to the downside making this another busy and volatile week for oil traders. Next up the weekly inventory report.
    Read the article
    11 May
    Ole Hansen Ole Hansen
    Crude oil inventories showed a surprise drop of 3.4M bbl, production fell 23k bbl while Cushing jumped 1.5M bbl. Gasoline inventories also drawing by more than expected....
    11 May
    matsuri matsuri
    IMHO, it is self-killing rally of oil, the higher is goes the more procuders will come back to business. For example, I read that in June one...
  • Article / 11 May 2016 at 2:50 GMT

    Global Market Report: Need dip to turn bullish on oil

    Global Investment Analyst / Rivkin
    Australia
    Global Market Report: Need dip to turn bullish on oil
    The S&P/ASX200 outlook remains neutral, with risk of a pullback. Meanwhile any gains above 2,109 for the S&P/500 may not be sustainable. In commodities, while spot gold has broken higher, the yellow metal is likely to show signs of near term weakness. And the outlook for natural gas should pick up in the longer term.
    Read the article