Technical & Fundamental Oil Reports Specialists

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Archive for February, 2016

February 26th, 2016

Testing resistances. Extreme care here – failure likely.

Introduction.  The contracts have rallied and are now testing the upper end of the recent range. There are no targets higher and the resistances are strong. The odds on failure…


February 25th, 2016

PVM Midday Report 25 February 2016

Headlines

Oil executive hints that US shale output cannot increase until prices reach $60-$70/bbl
Chinese crude oil stocks down 3.7% at the end of January from the previous month
Final reading  of January…


February 25th, 2016

An oil price rally not to be trusted

A shortage of economic reports ensured that market sentiment remained at the mercy of the latest swings in the oil markets with Brexit uncertainty also contributing to the subdued mood….


February 25th, 2016

Expect failures at resistance and tests of support

Introduction.  The market is behaving very logically, although one could be forgiven for thinking otherwise. Over the past three days we have witnessed a perfect example of the springboard/trapdoor theory…


February 24th, 2016

PVM Midday Report 24 February 2016

Headlines

Venezuela expects at least 10 oil-producing nations will take part in oil output freeze
API reports hefty 7.1 million bbl build in US crude oil inventories; gasoline +600,000 bbls
Iraq’s OPEC governor…