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July 12th, 2016

New PM May keeps uncertainty at bay

The post-Brexit uncertainty that has stifled UK politics eased significantly yesterday after it emerged that Theresa May was set to be installed as the country’s second woman Prime Minister. This…


July 12th, 2016

Key support held. Watch the 5s on Heat and RBOB.

Introduction. Although the trend is down the contracts are holding key supports and, for the moment, there are no targets lower. This remains the case whilst the strong support holds….


July 11th, 2016

PVM Midday Report 11 July 2016

Iraq resumes crude loadings at its Basra terminal after repairing small pipeline leak
Speculators trim bets on rising ICE Brent prices for fourth straight week
Iran mirrors Saudi in cutting its August…


July 11th, 2016

Most risky bets are off

The aftershock of the UK decision to leave the European Union was firmly felt last week and probably will have a decisive impact on trading in coming weeks. The message…


July 11th, 2016

Holding key support. Sell rallies to the 5s.

Introduction. The market has to a large extent held support. The hand-holds are tenuous and the contracts are vulnerable. WTI hit and held the target to 44.88. The rest closed…