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Brent Feb 20 Morning Technical Comment – 60 Min Chart
Brent Feb 20 Morning Technical Comment – 60 Min Chart
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Stockpiles, Pancakes and Cracks
Stockpiles of crude oil fell by 3.7 million barrels, more than double expectations of a decline of 1.7 million barrels – could be interesting when the EIA confirms the actual figure, perhaps giving some significant movement in a market that is making a pancake look bumpy. OPEC and its allies sent mixed signals about whether…
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Brent Jan 20 Morning Technical Comment – 60 Min Chart
Brent Jan 20 Morning Technical Comment – 60 Min Chart
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Dalian pushes on optimism for China manufacturing
Dalian iron ore futures advanced amid optimism over the country’s factory outlook after a gauge of the manufacturing sector jumped unexpectedly in November. The official manufacturing Purchasing Managers’ Index rose to 50.2, according to data released by the National Bureau of Statistics on Saturday, signalling a recovery in activity amid government support and a stabilizing…
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Oil market slow steams towards Christmas
Crude oil prices were up in Asia-Pacific markets this morning as Chinese manufacturing data came in stronger than expectations. The weekend just gone brought news that China’s large, state-linked manufacturing sector returned to expansion this month, albeit very modestly after six straight months of contraction. Iraq said that OPEC and its allies will consider deeper…
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FIS puts shipowners in control of fuel price risk with first trade on SGX 0.5% index
Futures contracts designed to enable shipowners and charterers to hedge accurately and cost effectively are critical as IMO2020 approaches
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Don’t look now…
Top trade negotiators from China and the United States held a phone call on Tuesday morning, China’s Commerce Ministry said, as the two sides try to hammer out a preliminary “phase one” deal in a trade war that has dragged on for 16 months. U.S. crude inventories probably fell by 939,000 barrels to 449.4 million…
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Tangshan on orange pollution alert as steel production curbed
SHFE Rebar futures extended gains to the highest level in almost three months as increasing pollution in key producing areas curbs output at steel mills.
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Pollution curbs, investment drive, buoy iron ore
Iron ore and steel futures rose on Friday as investors weighed the latest trade data from China. Rebar headed for its biggest weekly gain in two months as China’s plan to curb pollution raised prospects for supply cuts as investors seek to gauge the outlook for demand. While China’s steel output declined in October, year-to-date…
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Brent Jan 20 Morning Technical Comment – 60 Min Chart Near-term Oversold Within range
Brent Jan 20 Morning Technical Comment – 60 Min Chart
