Technical & Fundamental Oil Reports Specialists

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Archive for August, 2015

August 28th, 2015

PVM Midday Report 28 August 2015

Consulting PJK says product stocks in the ARA region hit a fresh all-time high
WSJ reports that Venezuela is pushing for an emergency OPEC meeting with Russia
Chinese shares are up 10%…

August 28th, 2015

ICE gave us a buy signal. NYMEX gave us nothing.

It has to be said that after yesterday’s performances the technical status of the contracts is pretty clear and straightforward. The sell signal on ICE on Wednesday turned out to…

August 28th, 2015

Risky assets are back in fashion, at least for now.

Wall Street logs biggest two-day gain since financial crisis
Oil soars over 10%, biggest gain in six years as shorts scramble

The above headlines sum up nicely yesterday’s performances, both in the…

August 28th, 2015

Watch RBOB’s 8 day around 133.66, and the 13s on the rest.

Introduction. The contracts exploded higher yesterday. We witnessed a text book slingshot (s/s) move from the 5 to the 8, and the 8 to the 13 day MAs on all…

August 27th, 2015

PVM Midday Report 27 August 2015

Standard Chartered cuts 2015 and 2016 Brent oil price forecast.
Eurozone lending to households and firms grew slightly faster in July than June.
The Islamic State seized five villages in northern Syria.