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  • 5d
    Ole Hansen Ole Hansen
    US oil producers increased hedging activity last week. The short position among this segment jumped 36,000 lots to 587,000, the highest since 2011. This most likely in...
    Ole Hansen Ole Hansen
    Brent crude net-long jumped by 63,792 lots or 22% in week to Aug 16. While short-covering were the only driver behind WTI's recent surge speculators cut shorts...
  • Article / 19 August 2016 at 13:30 GMT

    WCU: Mission accomplished as oil returns to $50/b

    Head of Commodity Strategy / Saxo Bank
    WCU: Mission accomplished as oil returns to $50/b
    Opec has once again managed to support oil prices by verbal intervention alone. A 22% oil rally within the past couple of weeks has seen oil return to $50/barrel, sharply reducing what had been a growing short position in the market. Precious metals remains on the defensive ahead of the Jackson Hole meeting next week.
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  • Squawk / 13 August 2016 at 5:46 GMT
    Senior Analyst /
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (August 15 - 19, 2016)

    Dominant bias: Bullish
    This pair consolidated on Monday and went further upwards on Tuesday. Price moved upwards 130 pips, testing the resistance line at 1.1200, to close above the support line at 1.1150. Bulls might push price further upwards this week; however, there is a possibility of a bearish movement on EURUSD, since EUR could become weak versus other majors, save GBP, which is currently weaker than EUR. The current bullish effort would end once price goes below the support line at 1.1050.

    Dominant bias: Bearish
    There is a “sell” signal on USDCHF, especially in the near-term. There are support levels at 0.9700 and 0.9650, which could be tested this week. Nonetheless, the expected bearish movement on EURUSD might enable USDCHF to stop moving south, and assume a rally that would bring about a Bullish Confirmation Pattern in the market.

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  • 13 August
    Ole Hansen Ole Hansen
    Plenty of crops to go around but both wheat and corn ending the day higher with funds going heavily short into this report. Hedge funds increased corn...
  • Video / 11 August 2016 at 13:51 GMT

    WASDE is the biggest report of the summer: Hansen

    Ole Hansen
    The World Agricultural Supply and Demand Estimates Report is the most anticipated thing to happen this summer, according to Saxo Bank head of commodity strategy Ole Hansen. It is the first time that the WASDE report will include a survey for expected yields.

    The markets has shown unusual volatility this week and this may indicate consensus among traders, says Hansen.

    He believes that markets may see *fireworks' if the WASDE report differs from the estimates.
    watch video
  • Article / 08 August 2016 at 8:20 GMT

    COT: Oil long hits January low as selling accelerates

    Head of Commodity Strategy / Saxo Bank
    COT: Oil long hits January low as selling accelerates
    Hedge funds scaled back bullish commodity bets for a sixth consecutive week last week. The 6% reduction saw the net-long of 20 US traded commodities drop to 924,000 lots after hitting 1.53 million on June 21. Biggest changes was seen in WTI crude oil with the gross-short hitting a record.
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    08 August
    Ole Hansen Ole Hansen
    Funds cut bullish oil bets on Brent crude by 10% to 260k in week to Aug 2. Lowest since Jan 19
    08 August
    Ole Hansen Ole Hansen
    Funds held a net-long of 341k lots in Brent and WTI oil in wk to Aug 2. Long and short positions both rising
  • 11 July
    Ole Hansen Ole Hansen
    Bullish Brent crude oil bets reduced for a fourth consecutive week. In the week to July 5 hedge funds cut the Brent crude net-long by 4.5% to...
    11 July
    Ole Hansen Ole Hansen
    The orderly reduction of bullish oil bets continue. The combined net-long down 27% to 484k lots from April 26 peak