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Archive for June, 2015

June 30th, 2015

PVM Midday Report 30 June 2015

Headlines

Russia overtakes Saudi Arabia as biggest supplier of crude oil to China
Libya’s Eastern oil company producing between 250,000 and 290,000 bpd
Iran’s Foreign Minister optimistic of nuclear deal ahead of today’s…


June 30th, 2015

Watch 41.40 on ICE – NYMEX has strong support at 2.737/33

August ICE: The contract weakened somewhat yesterday but did not get close enough to the 41.56 support, just above which shorts were recommended to take profit. This morning it has…


June 30th, 2015

Day 1 – Nai or Oxi

Today is significant for three reasons. It marks the end of the second Greek bailout programme which it had been expected would be rolled over or replaced by a third…


June 30th, 2015

Targets lower hit and held – Down trend conditions, but expect a rally to the 5s

Targets lower were hit yesterday and these strong supports ultimately held. There are no objectives below the market whilst these erstwhile targets hold. These key levels are at 58.23 WTI;…


June 29th, 2015

PVM Midday Report 29 June 2015

The EIA sees US light oil exports to Europe jump in May
Eurozone economy sentiment dipped in June
Stock markets are down after Greek capital control
IS bombs Syrian city of Hasaka

Economy
With the…