oil trading

[cashchater]

Oil fell on concerns about a slow economic recovery, after reporting disappointing U.S. output, unemployment, real estate sales and construction expenditures, reaching a low of $ 72.05, down 9.2% the high Monday of $ 79.38 per barrel.

[cashchater]

about oil this zeek many experts are advising to follow the main publications of the U.S. and euro zone,becaue they think that they tend to have a big influence on oil prices. Moreover, marketers should wait for the report gives oil inventories, on Thursday, as it always has an immediate impact on the market.

[cashchater]

Oil prices are falling again, is currently traded around $ 71.85 per barrel. And now, the daily chart's Slow Stochastic is showing signs of high, suggesting that prices may rise. This might give forex traders a great opportunity to enter a very popular trend.

[cashchater]

The crude oil price was slightly higher yesterday after the concern with the recovery to lower the price by more than 8% during the session of last week. For today it is expected price constant or little change due to the low volume of economic news released.

[cashchater]

Oil prices rose significantly yesterday and reached a peak of $ 74.65 per barrel. However, the RSI chart for four hours is floating in an area "overbought", suggesting that the recent upward trend is losing strength and a low correction is imminent

[cashchater]

analysts said the slight decline in the price of crude oil shows that it was receiving broad support above $ 74 a barrel, thanks to high inventory reports, which showed large withdrawals in crude oil inventories in the U.S. in the last three weeks.

[cashchater]

The price of crude oil increased significantly yesterday and reached a peak of $ 79.20 per barrel. Nevertheless, there is a line of low Slow Stochastic of the 4-hour chart, suggesting that the recent upward trend is losing steam and a low correction is imminent. This could be a good opportunity for forex traders to take the trend too early.

[cashchater]

Oil prices continued to rise during the last week of trading. Oil was trading around $ 76 per barrel early last week, prices rose during the week and is now trading around $ 79 per barrel.For this week, traders are advised to follow the main publications of the U.S. and the Euro-Zone, for these have a significant effect on oil prices

[cashchater]

Economic data from the U.S. better than expected and advance global equities helped to support oil prices at around $ 79 a barrel. Crude oil for September delivery was trading at $ 78.85 per barrel, down 13 cents in electronic trading on the New York Mercantile Exchange.

[cashchater]

Crude oil prices ended lower yesterday after the U.S. oil inventories increased by 7.3 M barrels. Lately, this number had little impact on crude oil prices, but yesterday it came very high compared with expectations of a fall of 1.4 M.

[hulk]

Indian Oil Corporation the nation’s biggest state-owned refiner, fell in Mumbai trading after reporting an unexpected first-quarter loss as the government failed to compensate the company for selling fuels below cost.

[cashchater]

With the GDP report, U.S. Advance GDP today, hoping that will display a drop compared to last month, oil prices expected to increase further if the dollar continues to fall. At the same time, if the signal report earnings in the U.S. economy, oil prices may fall in afternoon trade.

[cashchater]

The weak dollar has led to more investment in crude oil, leading to steady rise of commodity prices over the past few days. Currently, crude is trading around the 79.20 level, up from 77.10 aproximadamenre on Friday.

[James Hopes]

OTM provides a unique and comprehensive reference source to the structure and conduct of the international oil markets. The manual covers all the major oil trading instruments and their applications; the trading centres, contracts, uses and users of both the physical and the terminal oil markets, and their administrative, management, tax, and accounting implications. It also includes vital information on changes to the international legal and regulatory structures.

[hulk]

Japan's GDP grew by an annualised 0.4 per cent in the three months to June, down from a revised 4.4 per cent in the previous three months, data showed. The GDP figure dashed market expectations for 2.3-per cent growth.SINGAPORE,New York's main contract, light sweet crude for October delivery, fell five cents to 73.31 dollars per barrel in the afternoon.Brent North Sea crude for delivery in October shed 25 cents to 74.77 dollars.The US Department of Energy said crude inventories soared 4.1 million barrels last week, more than the 200,000 drop analysts had expected, while gasoline stockpiles rose 2.3 million barrels, against forecasts for a 500,000-barrel decline.Labor Department data showed Thursday a fall in jobless benefit claims to 473,000 for the week to August 21 from the previous week's 504,000, better than most forecasts of 485,000.

[christmas_]

Looking ahead, I believe for the rest of the year, Crude Oil will remain around US$60 -- US$90 range.
Unlikely it will hit beyond US$90 or even over US$100 (like what happened that time).

I think the prices more or less has stabilized for at least the rest of the year.
However the prices will be affected if USD continues to weaken itself.
Also, during winter, if this year's winter is much harsher, the oil prices will start to be driven upwards beyond US$90 to somewhere like US$120. But it will definately not go to high ranges of US$140--US$150

[christmas_]

As traders awaited the latest U.S. supply figures for clues about the strength of demand for crude, oil prices in Asian trade slips below USD76 a barrel on Tuesday +8GMT
Investors will be closely watching the latest U.S. indicators due this week including gross domestic product, car sales and industrial production.

[christmas_]

Oil prices hovered below $78 a barrel Thursday +8GMT in Asia after strong gains the previous day on a drop in U.S. crude supplies, a sign demand may be improving.
Benchmark crude for November delivery was down 2 cents to $77.84 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract gained $1.20 to settle at $77.86 on Wednesday.

[christmas_]

Oil may be “overbought” after climbing to an eight-week high and will be vulnerable to a drop if prices fail to rally further, according to technical analysis by Petromatrix GmbH.
Oil’s RSI soared as prices rallied 7.6 percent in five days, trading above $82, after fluctuating between $70 and $80 through September. Prices rose as economic data from the U.S. and China bolstered optimism that demand is growing in the world’s two largest energy-consuming countries.

[christmas_]

Oil prices fell to near $81 a barrel Tuesday in Asia as a global stock market rally stalled ahead of key corporate earnings results.
Benchmark oil for November delivery was down 77 cents to $81.44 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract lost 45 cents to settle at $82.21 on Monday.