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Archive for December, 2015

December 31st, 2015

Very vulnerable – downtrend likely to continue

Introduction. The trend is down – stick with it. Yesterday’s rally fell apart at RBOB’s 34 day MA – the key resistance to watch – and various short term (s/t)…


December 29th, 2015

Downtrend conditions, but support holding at the moment

Introduction.  Christmas Eve’s correction higher failed and RBOB’s 34 day at 127.45 proved to be a key resistance pivot. The contracts have since faltered but not collapsed. WTI and RBOB…


December 24th, 2015

Correction phase. Watch RBOB at the 34 at 127.42.

Introduction.  By this time yesterday the contracts had achieved everything  that was technically expected of them. Brent, for example, holding the Dec’ 2008 low and target to 36.20. All objectives…


December 23rd, 2015

PVM Midday Report 23 December 2015

Headlines

OPEC sees global oil demand in 2020 and 2040 at 97.4 and 110 mbpd respectively
Russian exports of gasoil and fuel oil jump by over 10% on the month in November
Saudi…


December 23rd, 2015

The oil numbers are clear

This will be the last fundamental commentary from PVM this year. For the remainder of the year we will provide headlines in bullet form only. As a last word we…