Technical & Fundamental Oil Reports Specialists

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Archive for December, 2015

December 23rd, 2015

All targets lower hit. Now be careful.

Introduction.  All targets lower have been hit. There are no further objectives lower whilst the key supports hold. These were also the erstwhile targets. This is probably only a temporary…


December 22nd, 2015

PVM Midday Report 22 December 2015

Headlines

IMF warns additional Iranian oil exports could send prices lower by $5-$15/bbl
No impact on oil market fundamentals from lifting of US crude export ban – UAE
Russia’s Novak reiterates that current…


December 22nd, 2015

Problems build for the EU

Brent broke below the Dec 2008 low of 36.20 to 36.04 yesterday but did not close below, settling at 36.35 (-53). WTI is still some way above its Dec low…


December 22nd, 2015

All targets lower hit. Now be careful.

Introduction.  All contracts bar Gasoil have hit their objectives lower. The downtrend is intact, but there’s good chance that the contracts will attempt to correct higher and recover a bit. RBOB…


December 21st, 2015

PVM Midday Report 21 December 2015

Iraqi crude oil exports on course to hit record daily average in December
Iranian crude oil exports to China surge by 45% in November on the month to 491,100 bpd
Speculators trim…