All About Commodity

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Gold Up Light, shadows rise in Global Inflation

 

Wednesday, July 25, 2012

 

The movement of gold prices to trade this afternoon (25/7) observed an increase. Rising gold prices caused by the influence of speculation on rising global inflation this month after crude oil prices are still stable in the range of 88-90 dollars per barrel. Inflation has a positive correlation to gold demand.

 

Gold rose by 1.23 dollars to 1581.07 dollars per troy ounce with the support level at 1572.23 dollars per troy ounce and resistant level of 1603 dollars per troy ounce.

 

Increased movement of solid gold does not seem to be pushing other metal commodities. Even the price of silver fell 0.36% to 26.71 dollars per troy ounce, while palladium rose 2.65% to 575.8 dollars per troy ounce and platinum rose 3.52% to 1431 dollars per troy ounce.

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Increased reserves, oil post the first drop in three days

 

Thursday, July 26, 2012

 

Oil fell for the first time in three days in New York on concern that rising supplies a signal to the lack of demand in the U.S., as the largest crude oil consumer in the world.

 

Oil fell 0.7 percent, delete the 0.5 percent increase in the last session. Crude oil inventories rose as much as 2.7 million barrels last week, the first increase in five weeks, data from the Energy Department showed. According to a Bloomberg News survey of oil reserves estimated to be reduced 1 million barrels.

 

Crude oil for September delivery fell 62 cents to as low as $ 88.35 per barrel in electronic trading on the New York Mercantile Exchange and was observed in the level of $ 88.67 until around 9:03 am London time. In trading yesterday, oil rose 47 cents to as low as $ 88.97, its highest close since July 20. Oil is still recorded a decrease of 10 percent this year.

 

Brent crude oil for September delivery on the ICE Futures Europe Exchange, based in London, fell 75 cents, or 0.7 percent to as low as $ 103.63 per barrel. Oil is a premium European reference to the New York oil for $ 15.42. Differences closed at $ 15.41 yesterday, the most in seven weeks.

 

U.S. oil inventories of gasoline increased 4.1 million barrels in the week to 20 to 210 million barrels, the highest in three months, the Energy Department report yesterday showed. This increase was followed by a 50 percent surge in imports of products from a week ago to 2.6 million barrels per day.

 

Distilled oil supplies, a category that includes heating oil and diesel, rose 1.7 million barrels to 125 million, according to the Department of Energy. With an estimated increase of 1.4 million barrels, the survey showed.

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Weekly decline before the oil to the U.S. GDP data

 

Friday, July 27, 2012

 

Oil traded down slightly in New York, heading for its first weekly decline in three weeks, while markets await the data on U.S. economic growth is expected to show the slowest growth in the past year.

 

West Texas Intermediate crude oil wiped out earlier gains after the euro weakened on speculation that European Central Bank president Mario Draghi may struggle to fulfill his promise yesterday to defend the single currency. U.S. gross domestic product, the value of all goods and services produced, rose at an annual rate of 1.4 percent after rising 1.9 percent the previous quarter, according to a Bloomberg News survey.

 

Oil for September delivery at the level of $ 89.50 per barrel in electronic trading on the New York Mercantile Exchange, after briefly rose rose 84 cents to as low as $ 90.23 per barrel. WTI oil contract rose 0.5 percent on the session and closed yesterday at $ 89.39 level, its highest close since July 20. Petroleum recorded a decrease of 2.2 percent in the week.

 

Meanwhile, Brent oil for September delivery rose 38 cents at $ 105.60 per barrel on the ICE Futures Europe Exchange, based in London. The excess oil to the European benchmark West Texas Intermediate at $ 16.16, up from $ 15.87 at the session yesterday.

[mynameisandhy]

Oil Back Up and Success Touch $ 90

 

Monday, July 30, 2012

 

Movements in crude oil prices to trade this afternoon (30/7) recorded an increase. Oil continues to increase after obtaining a positive sentiment about the policy of speculation to boost economic assistance in Europe and the United States carried out by the ECB and the Fed.

 

President of the ECB, Mario Draghi today met with U.S. Treasury Secretary, Timothy Geithner in Frankfurt, Germany to discuss the possibilities and opportunities of global economic recovery efforts.

 

Crude oil futures rose by 82 cents to 90.95 dollars per barrel. Meanwhile, Brent crude rose 22 cents to 106.69 dollars per barrel.

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Ahead of a meeting of central banks, gold seen lower

 

Tuesday, July 31, 2012, 16:27

 

Gold prices fell on Tuesday session, when the investor is anticipating the results of the Federal Reserve's policy meeting on Wednesday, amid speculation the possibility of further policy easing by the U.S. central bank.

 

At perdgangan on the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at $ 1,621.45 per ounce in early European trading, down 0.02%. However, the market is still fairly quiet ahead of Fed announcement to come, which can result in major implications for the gold.

 

Investors have interpreted the signs of a slowing U.S. economic growth as the likelihood that the Federal Reserve will implement further stimulus measures to sustain economic recovery.

 

Trading in gold and the dollar is always inversely proportional, and the talk the Fed is considering quantitative easing could undermine investor appeal of the greenback and pushed the precious metal.

 

Market participants also amenantikan the European Central Bank policy meeting on Thursday after the central bank president Mario Draghi last week pledged to do whatever is necessary to maintain the euro. The statement sparked expectations that the ECB is ready to announce new policy measures to stem the crisis in the eurozone.

 

On the other trading on the Comex, silver for September delivery rose 0.14% to as low as $ 28.072 per ounce, while copper for September delivery rose 26% to as low as $ 3.425 per pound.

[mynameisandhy]

Oil prices undermine the manufacturing sector

 

Wednesday, August 1, 2012

 

Oil prices fell in New York ahead of his third day on concern that global central banks will not provide stimulus to encourage weaker perkeonomian although inventories show signs of decline.

 

Oil futures contract fell 0.6% after China's manufacturing sector and Australia reported melmeah. The Fed is also expected to delay the continuation of its asset purchase program after a two-day meeting. The European Central Bank will meet tomorrow. The American Petroleum Institute reported that U.S. crude inventories fell 11.6 million barrels last week, the highest since September 2008.

 

Crude oil for September delivery fell 3 cents on the NYME kelevel $ 88.03 per barrel. Yesterday the contract fell kelevel $ 88.06. During the year the price of oil has dropped 11%.

 

September Brent contract fell 22 cents kelevel $ 104.70 per barrel in London. European premium contracts versus $ 16.67 for West Texas.

[mynameisandhy]

Falling Gold Price Closed Down $ 1600

 

Thursday, August 2, 2012

At the close of trading on the New York Mercantile Exchange early this morning gold price movements appear to have weakened sharply (02/08). The price of gold in the trade last night the biggest decline in three weeks after the Fed failed to provide direction on the provision of further stimulus program.

 

The price of gold under great pressure after the Fed did not clearly offer the third stage of stimulus delivery. Although the Fed gives the signal to make the purchase of government bonds if needed, but it seems this will not be strong enough to restore the momentum of economic growth currently being dimmed.

 

In late trading in gold prices early this morning looks closed at 1599.35 dollars per troy ounce. Gold prices declined significantly from the 15:10 position of the dollar before the close of trading. Last night the gold price movement had experienced ambles up to 1592.10 dollars, its lowest since July 25.

[mynameisandhy]

Oil Prices Rebound Hopes rise 0.5% by NFP

 

Friday, August 3, 2012

 

On this day of electronic trading in crude oil prices rebound appears to move from the close of trading on the lowest level in three weeks (03/08). Crude oil prices rebound ahead of U.S. NFP data release. Estimated NFP will show an increase compared to the previous week.

 

The rise in oil prices once again received a boost from the labor sector in the U.S.. Yesterday jobless claims data that does not appear to have increased by prediction. Data releases tonight at NFP expected to rise to the level of 101K last week at 80K.

 

Crude oil prices appear to have increased by 42 cents (0.5%) and traded at 87.55 dollars a barrel position today. At the close of trading early this morning in crude oil prices seems to have decreased to the position of 1.78 dollars to close at 87.13 dollars per barrel, the lowest since July 13.

[mynameisandhy]

Oil gain more than 5% on economic data

 

Friday, 03 August 2012

 

Crude oil has gained over $ 4.50 or 5% on Friday, and recently scored a 2-week new highs just below $ 92.00, along with optimism after positive U.S. nonfarm payrolls and ISM services PMI risk of triggering a rally-on.

 

At the time of writing, WTI was trading up 5.1% at $ 91.70 per barrel, after hitting a high of $ 91.92 so far. Brent futures rose more than 3% and reaches a height of $ 107.64 per barrel. It last traded around $ 107.55/bbl.

 

Nonfarm payrolls report showed the U.S. economy added 163,000 jobs in July, well above the 100,000 expected and reached its highest since February. Meanwhile, U.S. ISM services PMI rose to 52.6, exceeding expectations.

[mynameisandhy]

Predicted gold prices continued to rally for third day

 

Tuesday, August 7, 2012

 

Gold prices predicted to rise to record for a third day. Cause, an increase in investment demand for gold as speculation that the Federal Reserve will take strategic steps to support economic growth. It has the potential to weaken the position of the U.S. dollar.

 

Just so you know, at 14:24 pm Singapore time, the price of gold contract for delivery was much faster to record changes in the position of U.S. $ 1610.55 per troy ounce. While the price of gold contract for December delivery fell 0.2% to U.S. $ 1613.50 per troy ounce on the Comex in New York.

 

Apart from the U.S., positive news also came from Europe. Spokesman for German Chancellor Georg Streiter, stating that the German government will support the European Central Bank plans to buy bonds that troubled countries.

 

"We see Europe still continue to recover and market Mulau bit of confidence. It is possible we see a movement of the flow of funds from dollars into gold," said Nick Trevethan, senior commodities strategist at Australia & New Zealand Banking Group Ltd.

 

Just for the record, yesterday (6/8), the price of gold in the spot market rose 0.4% and 0.9% on August 3 as the strengthening of the euro against the U.S. dollar.

[mynameisandhy]

Dollar Overload Gold Performance

 

Wednesday, August 8, 2012

 

Gold slipped on the London session, pressured by a strengthening dollar have reduced the appeal of precious metals. Mighty dollar after Standard & Poor's revised its outlook for Greece's credit rating from stable to negative. S & P rating of CCC to provide only the Greek and the outlook is now negative then there are opportunities of further credit downgrades. It also show the risk to be faced if the Greeks could not get the next bailout disbursements from the EU and the IMF.

 

However, the decline in gold prices may not be too deep. Gold is still underpinned by expectations of further monetary stimulus of some of the world's major central banks. Fed's Rodengren yesterday called for the U.S. central bank to loosen monetary policy further in order to maintain the economic recovery.

[mynameisandhy]

Speculation stimulus affects the movement of oil prices

 

Thursday, August 9, 2012

 

Oil prices fluctuate after declining for the first time yesterday in New York on speculation that China will take other measures to boost economic growth amid declining demand for crude oil in the U.S..

 

Oil futures contract fell 0.1% to 0.4% and rising. China's inflation weakened for the fourth month of July, providing more space for policy makers to take the policy stimulus.

 

Crude contract for September delivery rose 18 cents to $ 93.53 a barrel on the NYME. Previously the price had climbed 20% from its closing low of $ 77.69. Meanwhile, this year weakening of oil prices has reached 5.4%.

 

September Brent contract rose 2 cents to $ 112.16 per barrel in London. European premium contracts versus $ 18.66 for West Texas.

[mynameisandhy]

Oil prices mixed in Asian trade

 

Friday, August 10, 2012

 

Crude oil prices mixed in Asian trade on Friday (10/8), with U.S. employment data which has provided positive support to prices, analysts said.

 

New York's main contract, light sweet crude for September delivery rose 93.37 cents to one U.S. dollar per barrel, while Brent North Sea crude September delivery fell four cents to 113.18 dollars per barrel.

 

"Although there is optimism about the U.S. labor tanaga, a strengthening U.S. dollar have helped keep the price," said IG Markets in a report.

 

Official data on Thursday showed U.S. weekly jobless claims fell to 361,000 - a sign of strengthening the moderates in the world's largest economy and the labor market is also the world's biggest oil consumer.

 

However, the strengthening of the greenback has been a deterrent to the dollar-priced oil from a larger increase.

 

The single currency euro dollar bought in the range of 11.2295 to the opening of trading compared with 1.2301 dollars in Asia in the United States at the close Thursday

[mynameisandhy]

Amid skyrocketing oil Middle East Tensions

 

Monday, August 13, 2012

 

U.S. crude futures rose again on Monday the central bank propped up hopes of global stimulus as well as Middle East tensions plus the potential due to the escalation of the conflict Israel - Iran.

 

In the New York Mercantile Exchange, crude for September delivery month rose 0.81% to as low as $ 93.88 per barrel after reaching the highest point in the $ 94.02 and an intraday low level at its $ 93.12 daily per barrel.

 

Although there are some negative data in China, but various stock exchanges and also the single currency Euro just posted a moderate weakening, partly related to China asuumsi bad that the data would open opportunities monetary stimulus from Beijing.

 

Besides the Middle East tensions also colored Minyakk movement throughout the week. Israeli troops on Sunday has the potential to spread a warning message to the Iranian missile attack. New concerns over supply disruption from Iran may still sustain oil prices to continue rising in the medium term.

 

Barclays Capital estimates rietnya in the oil price still has the potential to rise further to around $ 100 sustained anxiety OPEC oil supply, the potential disruption in the Gulf of Mexico hurricanes and also speculation if the situation demands Iran - Israel re-heated.

[mynameisandhy]

Oil is estimated Stable at $ 95 - $ 91 Per Barrel

 

Tuesday, August 14, 2012

 

U.S. crude futures soared on Tuesday and traded above $ 93 per barrel level after euro zone economic data are reported not as bad as the previous estimate of retail sales plus more reports of successful beyond expectations.

 

Stock markets also add to the strengthening after U.S. retail sales data reported for the month of July rose to +0.8% from +0.2% estimate, and higher than the previous month of -0.7%. The increase was spurred optimism as well as the level of consumer spending in the world's biggest oil consumer.

 

Besides oil prices are still propped up by supply concerns amid Middle East tensions, between itan and the threat of missile attacks on Israel to send if Iran did not immediately halt its nuclear ambitions.

 

That is why most analysts still see oil prices trading range is still inclined to go up to around $ 95 up to $ 91 per barrel for the next few weeks.

[mynameisandhy]

Oil Rally, U.S. and European Data Positive

 

Wednesday, August 15, 2012

 

Oil rose on Tuesday as investors assess U.S. retail sales figures and the rate of economic growth in Germany and France exceeded expectations. Oil regained the advantage of weakening on Monday, when oil fell 0.2% in the low volume and a decrease in U.S. equities. Geopolitical tensions and supply concerns have pushed oil subsequent to strengthen the current session, but traders are also currently considering the news reports that suggested an increase in tensions between Israel and Iran.

Some fear the geopolitical provide underlying support for crude prices, said Bill O'Neill, a source of Logic Advisors in New Jersey.

 

Oil prices have run well, however, O'Neill said he would not be a buyer at current levels. Investors do not have to take short positions, or bets prices will fall, but take little advantage may be advisable, he added. Sentiment has got a boost earlier as gross domestic product for Germany and France, which is the largest economy in Europe to be slightly better than expected.

[mynameisandhy]

Stronger oil, Stock Down

 

Thursday, August 16, 2012

 

Oil rose for a second day after the U.S. Energy Department said the stock fell more than expected last week. Remove the oil loss was in line with the decline in inventories by 3.7 million barrels in the last seven days, this decrease is almost two times greater than expected by analysts surveyed by Bloomberg is at 1.5 million barrels. Oil earlier fell as the data berkontraksinya Empire State Manufacturing index in the New York padabulan August.

 

 

"The reduction in oil stocks is greater than expected, so you would expect a bit of bullish reaction and that is what we get," said Addison Armstrong, director of market research at Tradition Energy in Stamford, Connecticut. "Empire index data are not good at all and it does not add a bullish tone in the oil." Current oil rose 32 cents, or 0.3 percent, to $ 93.75 a barrel at 23:22 am at the New York Mercantile Exchange. Prices have dropped 5 percent this year.

[mynameisandhy]

Gold Test Limits On Short-term Triangle

 

Friday, August 17, 2012

 

Efforts to test support at 1602 ran aground in the area zone 1605.75. The price of gold (XAUSD) then rebound quickly resume intraday uptrend and continue to test the resistance zone at 1626.25. Resistance is the upper limit of the triangular pattern is seen in short-term chart. Triangular pattern is taking shape since the end of May 2012.

 

Until now proved strong resistance. And now as seen on the intraday chart, gold price is being corrected with normal correction targets at 1618.44 and 1615.92.

 

Once the targets achieved correction in gold prices is still likely to test, at least near the upper margin of the triangle pattern.

[mynameisandhy]

Oil slid Bundesbank Post Negative Comments

 

Monday, August 20, 2012

 

Oil traded near its highest level in the New York session, the strengthening of the longest consecutively in the last month, ahead of a meeting of European leaders to discuss the resolution of the euro zone debt mess.

 

Observed so far for the price of crude oil futures contract in September declined -0.07% in the level of thin $ 96.24, after reaching the highest point of $ 96.83 and daily lows at $ 96.17.

 

Oil slid down again after the Bundesbank criticized the ECB plans to limit the ceiling yield of government bonds that have problems with debt. Bundesbank's comments are certainly trigger a transfer of risk from commodities like oil to switch to U.S. Dollar.

 

Net buy position of the oil from the money managers, including hedge funds, and traders decreased 7.2% to 152.222 and options contracts in the last 7 days on August 14 based on the CFTC report.

 

While in London, reportedly mostly hedge funds and money managers are still bullish on adding to speculation of 5.655 Cured Brent contract to its highest level in 3 months.

[mynameisandhy]

World Crude Oil Prices Soar

 

Tuesday, August 21, 2012

 

U.S. crude futures soared again in the European session on Tuesday, in line with the strengthening of various other risky assets such as stocks and non-dollar currencies.

 

Observed so far sweet crude oil contract prices for September rose 0.70% to as low as $ 96.93 per barrel, while Brent crude rose to $ 114.05 per barrel.

 

Various positive catalyst for oil rose 25% since mid-June, its tension between geopolitical tensions increased, decreased supply of oil from the North Sea. Although higher but most analysts still see a strengthening already limited, as investors' expectations on oil production of 31 million barrels per day from OPEC member countries could afford to continue in the coming months.

[mynameisandhy]

Reduce U.S. Oil Reserves

 

Wednesday, August 22, 2012

 

The continued recovery of the U.S. economy makes people consume more energy products. This is seen from the back drop in U.S. oil reserves for four consecutive weeks. Oil reserves decreased by 5.4 million barrels to 360.74 million barrels. Is more than 100 thousand barrels of additional predictions and previous publications are reduced 3.7 million barrels of oil. Reduce oil prices weakened after the data was released. Nymex oil is now trading $ 96.92, try to stay away from low-level daily $ 96.25

[mynameisandhy]

Welcomes Oil disbursement Signal Stimulus

 

Thursday, August 23, 2012

 

Oil prices continue to rise throughout the session on Thursday (23/08) due to the exposed stimulus optimism.

 

Crude oil for October delivery climbed to 0.8% or 79 cents to $ 98.05 per barrel level during Asian session. A day earlier, the oil has earned gains 0.4% on the Nymex.

 

Oil welcomed the preliminary data from HSBC's China manufacturing. Reports in August showed that the number of manufacturing survey to its lowest in nine months, especially in the delivery of components and new orders. Ratings red on PMI data into a signal for the government to inject new stimulus into the economy line.

 

NYMEX oil contracts had soared to $ 98.17 after the data, before finally returning to recede. Decline in the dollar is also used by investors to take gold at a cheaper price. The dollar index was down from 81 475 (Wed 22/08) to 81,442 today. Now oil prices observed in the range of $ 98.12 per barrel.

[mynameisandhy]

Oil Slips, The IEA report

 

Friday, August 24, 2012

 

Oil slipped on Friday following a report that the International Energy Agency (IEA) may take advantage of the strategic oil reserve as soon as possible in September.

Regarding the IEA report, a head recently refused to have the release of the news, in the Petroleum Economist, citing unnamed sources.

 

 

Reuters reported last week that the White House began to "refute" the plan prior to the release of news about the possibility of strategic reserves of oil for fear that the sharp rise in oil prices since June may undermine the effect of sanctions on Iran. "Oil prices slipped for the change of heart at the IEA said in the release global strategic oil reserves. market has been particularly sensitive to speculation on the news, which if it happens will make the prices lower at the time, "said John Kilduff, partner at Again Capital LLC in New York. U.S. crude trimmed its gains and move up and down after the IEA report on the action, while receiving support from the threat of production in the Gulf of Mexico along the approach of Tropical Storm Isaac.

[mynameisandhy]

Oil Soar As Hurricane Isaac Threat In Gulf of Mexico

 

Monday, August 27, 2012

 

U.S. crude futures soared Monday, as Isaac Tropical storm threatens to disrupt oil production in the Gulf of Mexico.

 

Observed so far oil prices for October contract soared 1.06% to as low as $ 97.16 per barrel after reaching its highest point at $ 97.72 and an intraday low at $ 96.45 daily.

 

While this storm Isaac has become the first hurricane of the season's storms at bay and force manufacturers to limit production, with an estimated 330,000 barrels per day of crude oil have been closed as a storm central projection Isaac will sweep the Gulf of Mexico today.

 

Some oil producers operating in areas affected by the storm as BP PLC, is reported to have evacuated all of its crew Thunder Horse oil refinery, and several other offshore refineries around the area.

 

Gulf of Mexico alone contributed about 23% of total U.S. crude oil production as a whole, and 7% of natural gas production, according to the U.S. Energy Department report.

[mynameisandhy]

Iran Denies Nuclear Area Allow visits to Parchin

 

Tuesday, August 28, 2012

 

Iran denies it will allow the Non-Aligned Movement diplomat to visit the Parchin nuclear facilities. "We did not plan a visit to the nuclear facilities at a meeting of the Non-Aligned Movement at the weekend," said Foreign Ministry spokesman Ramin Mehmanparast. This is certainly contrary to the comments Vice Foreign Minister Mohammad Mehdi Akhoundzadeh, which yesterday signaled the possibility of the Non-Aligned Movement diplomat to mengunjukan Parchin military area.

 

Asghar Soltanieh, Iran's representative to the IAEA international nuclear agency says Tehran will continue to develop its nuclear facilities. "We will not suspend enrichment even for a single second," said Soltanieh told Iranian news agency. Enriched uranium can be used as energy for electricity generation, but if it has the potential to be further processed into nuclear weapons.

 

Iran is now the host for the meeting of the Non-Aligned Movement, which will expire at the end of the week. Tehran insist its nuclear program is peaceful. But the IAEA accused Iran of nuclear test explosions at Parchin as efforts to develop nuclear weapons.

 

In the meantime, please register strengthening oil in the London session. Nymex oil is now trading $ 96.08; near high level daily $ 96.32