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Archive for January, 2015

January 30th, 2015

PVM Midday Report 30 January 2015


Saudi Arabia expected to cut its March crude OSP for Asian buyers
Force majeure on Yemen’s Balhaf LNG plant lifted
Euro-area deflation deepens to -0.6% in January from -0.2% in previous month

January 30th, 2015

Caution ahead of US GDP data

Global equites put in a mixed performance yesterday as a slew of disappointing corporate results and ongoing anxiety surrounding Greece did battle with indications of a strengthening US labour market….

January 30th, 2015

Bullish ICE and bearish NYMEX

March ICE: This contract did not get up to the 48.00 range resistance where profit-taking on long positions is recommended. It did not, however, close below supports either. Bulls, therefore,…

January 30th, 2015

As if the markets had been closed yesterday

It did not take too long to update the support/resistance columns below as the contracts traded in narrow ranges yesterday and the closing prices were mixed. There is no change…

January 29th, 2015

PVM Midday Report 29 January 2015


China to increase commercial oil storage capacity by over 10% this year
North Dakota oil producers push state to change laws on radioactive material disposal
Number of unemployed in Germany eases 9000…