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  • Squawk / Yesterday at 14:33 GMT
    Head of Commodity Strategy / Saxo Bank
    US crude inventories dropped by 553k barrels last week and for the 12th week out 14 surveys got the direction wrong. A big draw in both distillates and gasoline also adding some support. WTI trading 1.7% higher after the release. More to follow
    Read the Squawk
    Ole Hansen Ole Hansen
    Another counter seasonal draw in US crude oil inventories.
    AlexF AlexF
    Personnally got stopped at 50 on a SL I placed. Please let us know if you still see down side as your trade is still on.
  • Squawk / Yesterday at 8:37 GMT
    Head of Commodity Strategy / Saxo Bank
    Oil trading lower for a third day: Rising skepticism about Opec's ability to cut production by the amount promised and whether a cut will make much difference. With production rising in Libya and Nigeria and with Iraq also wanting to be exempt Opec desperately need Russia to cut production. This now looks in doubt following Russian comments yesterday that they prefer to freeze production instead of cutting. These developments are worrying funds holding a record gross-long in WTI and Brent of 825,000 lots in week to Oct 18. The jump in Brent contango combined with expectations of an inventory rise from EIA this afternoon also adding to the negative sentiment.
    Read the Squawk
    tcat tcat
    I would say a break of 49,12 in WTI would open the doors for a strong move lower...
  • 19 October
    ChristianK ChristianK
    Got it. Thanks very much
    20 October
    SvsG SvsG
    Hi Stephen, what is your view on the stop-loss level for the December contract
    Stephen Pope Stephen Pope
    Dear SvsG,

    As at close,

    Month Last Chg. Open High ...
  • Article / 10 October 2016 at 7:51 GMT

    COT: Big shift from precious metals to energy — #SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    COT: Big shift from precious metals to energy
— #SaxoStrats
    Hedge funds maintained an almost unchanged bullish exposure to commodities during the week ending October 4. But behind that number some major shifts took place. Not least from precious metals to oil following the Opec agreement to cut production and gold’s key technical break below $1,300/oz.
    Read the article
    11 October
    AndrejLences AndrejLences
    Please Ole. I am in the Natgas trade via futures, you wrote the article here,. I am holding position still with profit. Now there is some retracement...
    18 October
    chops77 chops77
    Hey Ole , did you stop publishing the COT Report. Can not find new weeks report
    20 October
    Ole Hansen Ole Hansen
    Hi Chops77. I've been traveling but will add a few charts shortly.
  • 05 October
    John Roberti John Roberti
    thanks for the reply on tech aspects for prices. Do you have an explanation for the missing quantities between prod and stock?
    05 October
    Pandorra Pandorra
    Ole, okay thanks. Are you still betting to fill the gaps from Feb, 11 and Apr, 05? What time horizon is possible for this purposes on your...
    06 October
    matsuri matsuri
    Mr. Ole, what about your view of oil being rangebound 45-low 50ies within next months? is it still valid?
  • Article / 03 October 2016 at 8:45 GMT

    COT: Oil back in demand ahead of Algiers meeting; gold longs jump

    Head of Commodity Strategy / Saxo Bank
    Hedge funds increased bullish commodity bets by 9% or more than 100,000 lots during the week ending September 27. Thirteen out of the 22 commodities tracked in this were bought during a week which began with the FOMC leaving rates unchanged and where focus later moved towards Algiers and the prospect of a deal to cap oil production.
    Read the article
    03 October
    Ole Hansen Ole Hansen
    Funds increased combined bets on crude oil by 5% last week. A WTI gross-long increase more than off-set a gross-short increase in Brent
    03 October
    Pandorra Pandorra
    I can't imagine that FOMC extremum reached on Aug-26 will be broken in CL futures.
    Even tho I dunno who is the main in this world - Fed...