Technical & Fundamental Oil Reports Specialists

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Archive for May, 2015

May 28th, 2015

Watch the key supports carefully – downtrend gathering pace.

Supports failed yesterday and the market headed lower, moving below important levels. The contracts are in trouble and it would not now take much to push them over the edge…


May 27th, 2015

PVM Midday Report 27 May 2015

Headlines

Iranian nuclear negotiator claims June 30 deadline may be extended
June loadings of Iraq Basra Heavy crude sell at discount to OSP on ample volumes
Saudi-Kuwait operated Wafra oil field remains offline…


May 27th, 2015

Oil under pressure

The dollar index rose 1.3% yesterday following last week’s 3.2% gain. As a result commodities shed value led by oil which ended the day $1.80 bbl lower on Brent (63.72)…


May 27th, 2015

Watch the key supports. Market in trouble but don’t write it off yet.

Yesterday’s price action was not good, and were it to be confirmed by further weakness today the contracts would be in very serious trouble. All contracts closed below their short…


May 26th, 2015

PVM Midday Report 26 May 2015

Headlines

Kuwaiti crude exports to China nearly triple in April from a year earlier to 395,000 bpd
Vietnam’s crude output in May unchanged from a year ago at around 300,000 bpd
Greece’s Varoufakis…