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Archive for February, 2014

February 28th, 2014

PVM Midday Report 28 February 2014

Headlines

Eurozone inflation holds firm at 0.8% in Feb, above forecast  of 0.7%
Reuters forecasts OPEC Feb crude output at 29.96mbpd, up from 29.79mbpd in Jan
Eurozone unemployment rate remains unchanged at 12%…


February 28th, 2014

Test of support on ICE – On NYMEX watch the 34-day M/A

April ICE: It seems that all that happened yesterday was a short-lived upside correction and now the original trend is about to resume. The reason to say this is that…


February 28th, 2014

Yellen soothes markets

After three consecutive failed attempts, it was fourth time lucky for the S&P 500 after it broke through key resistance levels and closed at a record high. The catalyst that…


February 28th, 2014

Negative whilst below the 13-day MAs – Up-trend over whilst below s/t MAs

The up-trend is over. The contracts, with the exception of WTI, are below all the short term (s/t) MAs – the 5, 8 and the 13s. WTI is still just…


February 27th, 2014

PVM Midday Report 27 February 2014

Headlines

Reuters poll forecasts Brent crude oil to average $105/bbl in 2014
German unemployment falls to 41-month low in February
Spanish economy grew by less-than-expected in Q4’13
European Commission survey shows economic sentiment…