Technical & Fundamental Oil Reports Specialists

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Archive for July, 2014

July 29th, 2014

Stock markets are on Venus and the guardians of financial stability on Mars

The US applied pressure on EU ministers to agree phase-3 sanctions today on Russia by releasing footage claiming to show artillery and rocket fire on Ukraine from Russian territory even…


July 29th, 2014

ICE is bullish – NYMEX should test 3.714

September ICE: After a brief downside correction the contract continued its march higher. In the early hours of trading it did not quite get down to the buyable 8-day M/A…


July 29th, 2014

Expect a test of the bottom of the current range

There is not much to add to yesterday’s report where we established the current trading range. The whole complex weakened yesterday, tested the bottom end of the range but did…


July 28th, 2014

PVM Midday Report 28 July 2014

Headlines

Tanker containing Kurdish oil cleared to unload at sea off Texas coast
Italian business morale slips by more-than-expected in June from May
Speculators cut length in ICE Brent by 37,786 lots in…


July 28th, 2014

Patience on both contracts

A big rally pushed the price of the ICE contract much higher on Friday and the NYMEX contract lower. The former tested but closed below its c/p resistance. The latter…