Technical & Fundamental Oil Reports Specialists

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Archive for March, 2016

March 30th, 2016

Watch May RBOB at the 13-day MA around 147.77

Introduction.  The contracts need very careful watching. The key to the next leg south will centre on how May RBOB performs at the 13 day MA around 147.77. This is…


March 29th, 2016

PVM Midday Report 29 March 2016

Headlines

Kuwait’s acting oil minister reveals jointly run Khafji oilfield to resume production
Chinese output of petroleum products rises by 8.5% y-o-y in Jan-Feb
Saudi Arabia’s net foreign assets fall by 1.7% in…


March 29th, 2016

Production freeze meeting threatens to disappoint

It would seem that the Federal Reserve has as many dissident interest rate hawks as the Conservative party has dissident Brexiteers and they were in vocal form last week. In…


March 29th, 2016

More tests of support. Watch RBOB carefully.

Introduction.  The contracts are in trouble, but are not all singing from the same hymn sheet. All, but RBOB, are below the short term (s/t) MAs and have negative stochastics,…


March 24th, 2016

PVM Midday Report 24 March 2016

Headlines

UAE confirms participation in upcoming oil output freeze meeting
Russia could technically reduce its crude oil production by 5% – Deputy Energy Minister
US durable goods orders fall by 2.8% in February,…