Denmark Denmark
Biography
Ole Hansen is a specialist in traded futures with particular focus on commodities. He has previously worked 15 years in London most recently for a multiasset futures and foreign exchange hedge fund where he was in charge of the trade execution team.
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  • Squawk / Yesterday at 9:32 GMT
    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Traders are worried about being caught short in the crude oil market at the moment. This continue to support both WTI and Brent with the North Sea variety now trading back up to 110 USD/barrel for the first time in six weeks. Rising supply from Libya and the slowing demand from China are not front page news at the moment while the Ukraine crisis continue. In the US crude inventories are expected to rise again but falling gasoline inventories due to strong demand and specifics related to Cushing continue to support WTI Crude. https://www.tradingfloor.com/posts/us-eia-weekly-petroleum-status-report-2356230
    Read the Squawk
    1d
    buttar buttar
    Hello Hansen,
    We can sell the crude at recent market level????
  • Squawk / Yesterday at 6:42 GMT
    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Gold has been on the defensive during Asian trading following a very ugly day yesterday. The news that Ukrainian forces had launched special operations and Putin's warning about a civil war only helped to stabilize the price and not attract new buying. For now the market is back in neutral after the positive sentiment built up over the past week was wiped out in a matter of minutes. The change in sentiment has been driven by improved US economic data this week but also a report from the World Gold Council yesterday did some damage as it estimated that China may have 1,000 tons of gold tied up in trade financing deals. This puts into doubt the future demand from China should the government intensify its attempt to crackdown on using commodities to raise finance. Resistance is today's pivot at 1304.6 followed by 1313. Support at 1293 and 1282
    Read the Squawk
  • Editor’s Picks / Yesterday at 5:30 GMT

    China's gold fever to cool in 2014

    CNBC
    After last year's massive bullion buying spree, China's gold fever is set to cool in 2014 as consumers grapple with a slowing economy, said World Gold Council (WGC).
    "The sudden price drop in 2013 meant some Chinese consumers brought forward jewellery and bar purchases, which may limit growth in demand in 2014," the industry body representing gold miners wrote in a new report on Tuesday.
    Read article on CNBC Go to post
  • Squawk / Tuesday at 14:26 GMT
    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Precious metals led by silver are having their own mini "Black Monday" on the anniversary of golds biggest two day sell-off in three decades last April. The whole sector including palladium has succumbed to selling after reaching the highest level since August 2011 yesterday.
    The sell-off today in gold was driven by a technical break below trend-line support at 1314 and the stronger than expected CPI did the rest by pushing it through 1300 support. Any renewed escalation in East Ukraine could now receive some fresh buying as many newly established longs has been washed out.
    Both crude oils are lower ahead of tomorrows US inventory report which is expected to show a rise in domestic inventories to the highest level since last November.
    Arabica Coffee is having another volatile day but remain above 2 USD/lb in New York.
    Copper has slumped back below 3 USD/lb and Nickel has dropped the most in nine months as worries about a Chinese slowdown outweighed supply concerns
    Read the Squawk
    1d
    fxtime fxtime
    Ole do you think the Indonesian ban on nickel ore export will have a lasting impact? As for Cu the tree month delivery is still well below...
    1d
    fxtime fxtime
    LOL...typo error...tree month = three month
  • Saxo TV / Tuesday at 12:38 GMT

    Garnry: Why I'm bullish about the Russian bear

    Angus Walker
    The Russian economy in crisis: credit crunch, capital flight and tougher sanctions on the cards. Can you still be positive about Russia? Saxo Bank’s Head of Equity Strategy, Peter Garnry, was in Russia a few days ago and says he didn’t sense impending collapse. “Our forecast for now is for positive growth in Russia, with the current data at hand, at between zero and one percent.” That’s despite some commentators predicting a four percent contraction in the Russian economy.
    See the video
  • Squawk / Tuesday at 12:37 GMT
    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Stronger US economic data sending gold lower for the second time in two days. The higher than expected CPI took out stops below 1300 and seven days worth of buying has been removed.
    Read the Squawk
  • 1d
    kirand kirand
    how to add more traders in follow list?
  • Squawk / Tuesday at 7:52 GMT
    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Gold has declined from a three-week high as the price continue to react to the strong US retail sales yesterday which points towards a pick-up in the US economy following the winter slowdown. The lack of escalation in East Ukraine has seen some of the safe haven buying being scaled back not least due to those US numbers. Today also marks the one-year anniversary of the biggest two-day drop in 30 years for gold when on April 12 and 15 it crashed through what was strong support at 1525/oz. In just two days the yellow metal dropped from 1565/oz to 1336/oz.
    Having failed to breach resistance at 1335/oz yesterday gold will once again be looking for support, either from escalating geo-political developments or the 200 day moving average, currently at 1300/oz.
    Silver remain range bound around 20/oz while the bigger picture is building up for a break of some significant trend lines. Until that happens the range to look out for are between 19.2/oz. and 21.0/oz.
    Read the Squawk
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