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Crude oil increasingly Weakens Into Position $ 89.82

 

Monday, June 27, 2011

 

Price movements of crude oil to trade this afternoon (27 / 6) Monitored still declining. Throughout the morning trade, oil prices continue to slide down to the range of 89 dollars per barrel. Unfavorable trade is characterized by a weakening of the majority of the Asia markets provide a negative expectation for this day.

 

This further compounded by speculation about the suppression of the Italian financial sector which is feared by investors who estimate that the condition of financial pressures has been extended to beberpa countries in Europe.

 

Crude oil futures declined by 1.32% to 89.82 dollars per barrel. Meanwhile, Brent crude declined by 2.84% to 102.82 dollars per barrel.

 

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of crude oil prices for today's trading is expected to be still weaker. In addition influenced by negative sentiment from the financial condition of Europe, the weakening of oil will also be affected by a weak Japanese retail sales data for the month of May.

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Crude Oil Weakens Thin, The influence of the European Economic Data

 

Tuesday, June 28, 2011

 

In afternoon trading today (28 / 6) crude oil prices recorded a slight decline. The weakening of the movement of oil this time due to the still unstable trading conditions which have not obtained a positive sentiment. The fall in prices of goods imported German data increasingly signaled a negative for the decline in the economic performance of Europe.

 

With these data indicate that the decline in German consumer demand during the period of May has decreased so the price of imported goods in decline amid sluggish European financial sector today.

 

Crude oil futures fell 4 cents to sebsar 90.57 dollars per barrel. Meanwhile, Brent crude declined by 49 cents to 105.5 dollars per barrel.

 

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of oil prices is expected to move still limited by the support level of 90.44 dollars per barrel and resistant level of 91.37 dollars per barrel.

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Oil Up Sharply On Optimism Greece, Weak Dollar

 

Wednesday, June 29, 2011

 

Oil prices rose more than 2% on Tuesday amid optimism that Greece can pass the savings program that is not very popular as a European solution to the debt of Athens and also encouraged a weak dollar.

 

A weak dollar pushed oil and other dollar-denominated commodities as the euro rallied on optimism about the ability of Greece to avoid default.

 

19-commodity index Reuters-Jefferies CRB rose 1.7%, biggest gain in six weeks.

 

ICE Brent crude oil for August rose $ 2.79 to $ 108.78 a barrel, after briefly trading as high as $ 109.05.

 

U.S. crude rose $ 2.28 in August, or 2.5%, to settle at $ 92.89 a barrel, the biggest one-day percentage rise since May 18.

 

U.S. crude oil inventories fell 2.7 million barrels last week, more than forecast, the industry group American Petroleum Institute said in a report released Tuesday night.

 

The hope is that crude stocks fell 1.4 million barrels last week, according to the survey of analysts by Reuters ahead of the API report.

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Maintain Position Gold Near $ 1.511

 

Thursday, June 30, 2011

 

Gold held steady on Thursday after the Greek parliament voted in favor of austerity measures, while investors awaited a decisive voice in the future at the end of the bill savings.

Spot gold fell slightly to $ 1,510.45 an ounce. U.S. Gold barely moved at $ 1,511.20.

 

Spot gold towards the second monthly decline, in line with the decline more than 1 percent. But according to a quarterly rise of 5.6 percent, strengthening past 11 quarters.

 

Greece approved the first step of the two saving measures on Wednesday, increasing the risk of interest in the global market, which supports commodities including gold.

 

Underlying market sentiment, President Barack Obama called for a new stimulus, which may complicate the deficit-reduction negotiations with the Republican party.

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Gold Trade Declines

 

Friday, July 1, 2011

 

Gold traded lower in the yellow metal as a vibrant business seeking the support of the decisive step in USD or from a new piece of bearish economic news. Spot gold fell 20 cents at $ 1,500.10 per troy ounce, and traders do not expect the market to make a sharp move higher or lower on Friday. Gold was under early pressure from the dollar a little stronger and has traded in a narrow range between $ 1,502.64 / oz and $ 1,497.20 / oz.

 

EUR / USD at 1.4489 from 1.4502 late Thursday. Gold has performed poorly in the past two days amid a new appetite for risk after the Greek government passed two votes on the new austerity measures. Buyers have to sell safe-haven assets support more risky commodities including base metals due to improved sentiment in the eurozone.

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Crude Oil Back Sunday Early Gains by Positive Sentiment Greece

 

Monday, July 4, 2011

 

In today's trading in crude oil prices rise again (7.4). Crude oil prices are still in a bullish trend is supported by the Greek rescue. Last week crude oil prices rallied by 4.2%. Greece's willingness to make budget cuts to make the European Union re-entrust the funds for the almost bankrupt the country.

 

Crude oil prices rose significantly after European finance ministers approved the 7.8 billion euros (12.4 billion dollars) in aid for Greece continued as of July 2. Brent crude oil prices rose after Goldman Sachs lowered its price of commodities.

 

Crude futures for August delivery contract seems to increase by 40 cents and traded at 95.34 dollars per barrel position. Crude oil prices rose by 32% during the past year.

 

Analyst Research Vibiz of Vibiz Consulting estimates that the price movement of crude oil will still be affected by global economic conditions and fundamentals in general. It is estimated that crude oil prices will still have movement in the range of 90-97 dollars per barrel.

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Gold rose from 6-week low, warning of the S & P support

 

Tuesday, July 5, 2011

 

Gold rose more than half a percent in a very thin volume on Monday after falling to a six-week low, and also by the warning related to credit rating agencies S & P which sparked fresh concerns over the Greek rescue plan.

 

Spot gold rose nearly $ 10 an ounce, or 0.7 percent, to $ 1,495.45 at 3:38 ET (1938 GMT), recovering from losses last week that followed the approval of the Greek austerity measures needed to access EU funding and the IMF.

 

U.S. gold futures for August delivery rose $ 13.90 an ounce, or nearly 1 percent to $ 1,496.50, with trading volume at only about 12 percent from an average of 30 days for U.S. Independence Day holiday.

 

Gold fell more than 5 percent or nearly $ 80 per ounce from near-record $ 1557 less than two weeks ago, but has attracted some bargain hunters to the lower levels.

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Technical support and resistance Oil

 

Tuesday, July 5, 2011

 

Oil: $ 97 Resistance: Support $ 91.54

Oil in the upside for the next session. The main thrust comes from the Greek parliament confirms choose state austerity program, which will allow to attract more money from the International Monetary Fund and the European Union and avoid the "default" (defaulted) debt, which could destroy the financial system of Europe.

 

Crude oil fell 11% in the three months since March 31. Oil rose 17% in the first quarter, sparked a rebellion in North Africa and the Middle East that make the world worry about supplies.

 

The biggest mover of oil prices now for the next session and the coming months is the release of 60 million barrels of emergency oil reserves the United States and a member of the International Energy Agency (IEA).

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Gold to reduce losses, bounced off session highs

 

Wednesday, July 6, 2011

 

Gold rose nearly 1 percent on Wednesday after the euro cut some losses against the dollar, while investor sentiment was still fragile after the downgrade the credit ratings of Portugal raised fears of eurozone finance.

 

<XAU=> Spot gold rose as much as 0.88 percent to a session peak of $ 1,527.79 an ounce, for the then exchange rate of 0.73 percent at $ 1,526.76 at 1303 GMT.

 

Earlier, gold fell nearly half a percent on the day after the dollar strengthened against the euro following the Portuguese national debt downgrades and higher interest rates China's impact on the broader commodity complex.

 

Gold is also supported by the European Central Bank reported an increase in 12.6 billion euros ($ 18.28 billion) in the possession of gold and gold receivables after the quarterly revaluation

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U.S. stocks fall predictions, Asia Oil Stronger

 

THURSDAY, 07 JULI 2011

 

World crude oil in Asian trade on Thursday (7 / 7) rise with a projected decline in U.S. crude stockpiles.

 

Light sweet crude rose 64 cents to $ 97.29 per barrel. Meanwhile, Brent crude rose 49 cents to U.S. $ 114.11 per barrel.

 

In trading yesterday, crude oil and commodity prices fell after China raised its benchmark interest rate for the third time from the beginning of the year to tame inflation. But the increase experienced by gold as investors chose to protect its assets in precious metals.

 

"There will be no stu konsensum more general rise in interest rates in August, It will be the end of the tightening in China this year. This condition becomes positively to support oil demand," said Head of Energy Research at Mirae Asset Securities in Hong Kong.

 

The U.S. data is not as bad as previously thought. In addition there are some resolutions to resolve the crisis in Greece. It will withstand rising global oil prices to the highest level for this summer.

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Wait for data of Non-Farm payrolls, Asian's Oil Down

 

Friday, 08 JULI 2011

 

World crude oil in Asian trade on Friday (8 / 7) weakened. Markets waiting for U.S. jobs report to measure the rate of the country's economic recovery.

 

Light sweet crude fell 001% to U.S. $ 98.66 per barrel. Meanwhile Brent crude fell 61 cents to U.S. $ 117.98 per barrel.

 

U.S. crude oil prices early this morning rose with unemployment claims data drive that down and increase retail sales. This led analysts to raise estimates increased non-farm data to be released today.

 

"Traders usually cautious before important data was released as non-farm payrolls. Market requiring a consistent flow of information to support the price," an analyst at Commodity Brokers in Sydney, Benson Wang.

 

The market was also awaiting the release of certainty the International Energy Agency (IEA) on the magnitude of world oil stocks. China has also observed the market about inflation control policies.

 

Oil prices have rebounded 10% from the downturn over the past four months account after the IEA issued a startling data paad July 23 on OPEC countries have removed 60 million barrels of oil reserves. The institute will decide about the amount of release of oil reserves at the end of this month.

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The Weakness of Crude Oil, China Oil Imports fall Speculation

 

Monday, July 11, 2011

 

Price movements of crude oil to trade this afternoon (11 / 7) was recorded as having impairment. Crude oil dropped again after the release of a report on speculation China's crude oil imports decreased in the second quarter ago. Speculation emerged ahead of the release of China's economic growth data in the second quarter of this year is predicted to weaken again.

 

Other negative sentiment for oil is weakening the movement of the majority of stock markets in Asia today. Post-experience bullish, today is the momentum for the investors to profit taking.

 

Crude oil futures declined by 90 cents to 95.3 dollars per barrel. Meanwhile, Brent crude fell 87 cents to 117.46 dollars per barrel.

 

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the price movement of crude oil is expected to be still more likely to decline with the support level of 94.74 dollars per barrel and resistant level of 97.03 dollars per barrel.

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Gold Slightly Higher, Oil Down Three Days streak

 

Tuesday, July 12, 2011

 

Crude oil futures fell for the third consecutive day in today's trading session, depressed by the higher dollar and ongoing concerns about the health of the U.S. economy and global economy.

 

Crude oil for August delivery fell 58 cents, or 0.6%, to $ 95.58 a barrel on the New York Mercantile Exchange. But gold futures got a small boost from concerns about the euro-zone debt and could finish higher for a sixth day.

 

Gold for August added $ 1.60, or 0.1%, to $ 1,550.90 an ounce on the Comex division of Nymex.

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Crude Oil Up Again to $ 97

 

Wednesday, July 13, 2011

 

Crude oil prices to trade this afternoon (13 / 7) recorded an increase. Apparently growing trend rebound occurred after the oil obtained positive sentiment from some Chinese economic data such as retail sales data rose 0.8% to 17.7% and industrial production data sectors which rose 1.8% to 15.1%.

 

In addition, other positive sentiment coming from the impact of the strengthening of the Asian stock exchanges rebounded after returning in the last two days has decreased quite sharply as it did in Japan and Hong Kong stock exchange.

 

Crude oil futures rose by 94 cents to 97.6 dollars per barrel with the support level of 96.44 dollars per barrel and resistant level of 97.19 dollars per barrel.

 

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of oil estimated to be still moving unstable remember this night there will be testimony from Fed Governor Ben Bernanke will give his views to the current U.S. economic conditions.

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Crude Oil Up Thin, Still Vulnerable Correction

 

Thursday, July 14, 2011

 

Price movements of crude oil to trade this afternoon (14 / 7) recorded an increase thin. In the last 2 days the movement of oil recorded moving unstable and move the range 96-98 dollars per barrel level. Investors apparently still retain the position when the fundamental conditions that are still unstable.

 

The increase in the movement of oil is currently also evaluated as an investor considering the second condition is currently focused on the threat of decline in the U.S. credit rating and continued impact of the credit crisis in Europe.

 

Crude oil futures today rose 43 cents to 98.24 dollars per barrel. Meanwhile, Brent crude rose 12 cents to 118.9 dollars per barrel.

 

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of oil prices is estimated to be not safe to remember this night also will be released retail sales data and U.S. unemployment claims.

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Gold Up 10 consecutive days, 4 Decade Then Same Record

 

Saturday, July 16, 2011

 

Gold managed to record gains on Friday the tenth row, equaling the record for consecutive increases that created four decades ago, as some market participants began looking for a hedge against the growing threat of disastrous U.S. government default.

 

A rally that began two weeks ago when the debt problems of the eurozone has continued anxiety walked back into record territory this week as President Barack Obama and Republicans are struggling with a serious deficit plan, deepening the deadlock in negotiations to raise the debt limit before August 2.

 

Gains in crude oil, drop in U.S. consumer confidence and concerns about euro zone debt contagion also helped the metal began two weeks to record the largest gain in more than two years, up more than 7% since early July.

 

Spot gold rose 0.3% at $ 1,590.60 an ounce at the close early on Saturday according Mahadana trading platform. Failed to reach new highs after a rally to all-time high in the two previous sessions, but remained near a record $ 1,594.00 on Thursday created.

 

U.S. gold futures for August delivery closed up 80 cents at $ 1,590.10 an ounce, after trading between $ 1.576 and $ 1,592.80.

 

Spot silver rose 2.2% to $ 39.02 an ounce, near a two-month $ 39.34 is created on Thursday.

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Profit Taking Action Drag Gold From Record High $ 1600

 

Monday, July 18, 2011

 

Gold managed to touch a new record of $ 1,600 per troy ounce for the first time in European markets on Monday, bolstered by concerns about debt problems in the U.S. and European bloc countries, but inhibited the increase observed in line with the action taking profit of the investor.

 

Gold has so far tracked back to the range of $ 1,596 per troy ounce, after earlier reaching a record high of $ 1,602.80 per troy ounce, up 0.22% compared to today's opening price.

 

Strengthening Gold in 3 successive weeks is still difficult to change over the concern spread of debt in Europe has not faded, especially if it is added the collapse of investor confidence towards the U.S. economy.

 

Based on these catalysts is still limited attenuation Gold, plus a further issue that can sustain Golden skyrocket again is threatened by the U.S. credit rating downgraded if the negotiations fail limit increase debt limit reached on 22 July next.

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Gold try to Preserve Records

 

Tuesday, July 19, 2011

 

Dekar stable gold record high, 1609.75, due to widespread fears of debt crisis in Europe and the U.S.. Interest in safe-haven gold might not be maintained over the completion of the euro-zone debt crisis, while the White House still has not reached an agreement with Congress to raise U.S. debt ceiling.

 

"If you see progress in talks for debt investors should do short-term profit-taking before," said Ong Yi Ling, an analyst at Phillip Futures. The market also continues to monitor developments in Europe, where governments and banks struggling find a solution to the new bailout Greece. Gold in the long-term prospects remain bright, Ong gold target even reach $ 1650 and $ 1700 to closure in 2011.

 

Gold rose for 12 consecutive sessions, the longest rally in the last four decades. However, technical analyst Wang Tao told Reuters on gold may experience a sharp correction as to achieve short term target at $ 1613. "Buyers are hesitant and wait for correction to re-enter the market," said a dealer in Singapore.

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Gold Turned Into Negative Territory

 

Wednesday, July 20, 2011

 

The spot price of gold slumped into negative territory after moving flat, as market players look for momentum to more risky assets.

 

Observed so far gold traded at $ 1,583.50 per troy ounce, down -0.27% compared to today's opening price.

 

Previous gold is supported by fears of slipping of the U.S. debt ceiling increase on August 2, but investors appear to engage in profit-taking action after the mood of market participants are more optimistic about being helped by comments President Barack Obama's Senate that the group has taken a significant step in reducing the U.S. budget negotiations.

 

Moreover, at the same time the European Union summit expected Thursday reached agreement on a new rescue package to prevent the spread of European debt crisis.

 

For the moment there are peak levels in the area of ​​$ 1,600 per troy ounce, with a strong support level in the range of $ 1500 long term.

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China Manufacturing Down, Gold Up

 

Thursday, July 21, 2011

 

World gold price in trading Thursday (21 / 7) up 0.5%. Investors are still trying to protect their wealth by the slowing world economy after China's manufacturing fell for the first time this year.

 

Trading in the bullion market Singpaura to delivery rose 0.2% to U.S. $ 1,603.95 an ounce from the previous U.S. $ 1,603.05 per ounce. On the spot gold hit a record date of July 19 last year reached U.S. $ 1610.10 which continue to fall because of European and U.S. debt are making progress.

 

"Global economic uncertainty, especially in Europe became the main driver of gold rise this year. In the end the gold to give advantages to investors to avoid risk than holding cash," said analyst Futures Industrial Co., Long Lin in Shanghai, which quoted from bloomberg.com .

 

Gold for August delivery in New York for the first time rose 0.5% to U.S. $ 1604.30 per ounce. Ownership of metals in products traded on the stock rose 0.1% to 2,122,619 metric tons.

 

Indicator of manufacturing sector activity in China fell 48.9 in July. This index is the lowest sjeak March 2009. This is due to tightening monetary policy and declining global demand weighing on the economy

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Oil Level Psychological Testing $ 100

 

Friday, July 22, 2011

 

Oil prices rose, approaching the psychological level of $ 100, with the emergence of hope will soon be the completion of Europe and the U.S. debt crisis; it certainly can reduce the anxiety over Chinese economic slowdown. IEA's decision not to release strategic oil reserves to shore up prices too black gold.

 

"Sentiment improved oil, especially with the improving global economic conditions in recent years," said Eugen Weinberg, analyst at Commerzbank. "European agreement to resolve the debt crisis of Greece managed to calm the market." Today, Europe has decided to give Greece a second bailout worth? 159 billion and expand the scope of responsibility ESFS.

 

"Oil is now testing the psychological level of $ 100, we may be able to see the continuing action could buy if oil is stable above that level," said Weinverg. Technical analysts by Reuters, Wang Tao, also believes oil will continue to achieve the target increase of $ 101.53

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Continue Bullish gold to $ 1624

 

Monday, July 25, 2011

 

The movement of gold prices for the afternoon today (25 / 7) recorded an increase. Continued positive trend has not occurred again as worries about the planned end of the delimitation of treasury bills that will be conducted by the U.S. government. It still contains speculation given some time yet to be released U.S. credit ratings data.

 

Spot gold rose by 1.4% to 1624.07 dollars per troy ounce with a support level at 1608.02 dollars per troy ounce and resistant level at 1622.24 dollars per troy ounce.

 

Rising gold prices also followed by other metal commodities like silver rose 1.3% to 40.605 dollars per troy ounce and platinum rose 0.1% to 1792.5 dollars per troy ounce.

 

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of gold prices is expected to continue to rise. The lack of good news from the global financial sector makes investors prefer a safe-haven commodities.

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Crude Oil Down, negative U.S. Economic Data

 

Thursday, July 28, 2011

 

Price movements of crude oil to trade this afternoon (28 / 7) was recorded as having impairment. Continued negative sentiment from the decline in durable goods data and the increasing number of U.S. crude oil inventories provide pressure for crude oil prices after two days ago had a "comfortable" at the level of 99 dollars per barrel.

 

Conjunction with the above condition is still "floating" the delimitation of its policy plan the U.S. debt that is still in early stages of discussion in parliament. At the same time, the threat of decline in credit rating is also a major focus of the market.

 

Crude oil futures fell by 46 cents to 97.57 dollars per barrel. Meanwhile, Brent crude fell by 65 cents to 118.08 dollars per barrel.

 

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of oil prices is expected to move still limited. Given a few moments longer to be released advance GDP data are predicted to decline.

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Support to Oil Prices Failed Attacks Hurricane Oil Prices

 

Friday, July 29, 2011

 

Crude oil futures tumbled again despite reported some producers in the Gulf of Mexico to cut production due to tropical bada Don. Investors do not pay attention to the potential supply disruption as a primary focus on U.S. and European debt problems.

 

Market sentiment is still weak, after the report below expectations macro-economic data sparked fears of a global economic slowdown.

 

National Hurricane Center says Tropical Storm Storm has strengthened before landing on the coast of Texas today. Oil companies such as Enbridge, BP and Northern Natural Gas said that they had to evacuate staff who work near the area.

 

The arrival of Don storm has cut 6.8% of oil and gas production of 2.8% in the Gulf of Mexico.

 

Technically speaking, intraday bias remains neutral oil in the short term, the 102.44-resistance still restrict price increases in this phase. On the bottom side, the nearest support level lies at the 94.74 area, fell under the area should trigger further bearish momentum testing the 91.90 area or level 50-day Moving Average.

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Oil soared after the U.S. Debt Resolution

 

Monday, August 1, 2011

 

Crude oil futures prices rocketed as the U.S. debt resolution allay concerns potential downgrade or default state of the world's largest oil consumer.

 

Delay loading cargo Forties North Sea crude oil to 7 August also become a positive catalyst for the price of crude oil futures. Coming to New York's opening session, oil prices have risen 2:54% to as low as $ 98.14 a barrel.

 

Technically, translucent above 98.00 level has changed its intraday bias to be bullish at least test the 100.00 resistance area. But as long as prices stay below the 102.50 area, leading to long-term trend is still downwards.

 

On the bottom side, the nearest support level lies at the 96.80 area, fell under the area may change intraday bias to be bearish at least test the key support level of 95.00.

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