Archives for: Crude Category

SPARK-BRENT

On 15th Feb ,We had written :

http://www.anirudhsethireport.com/brent-crude-will-kiss-63-77-next-target-68-05/

 

In the end, the strongest month for US equity markets ended with a whimper.

The S&P 500 climbed 5.5 per cent in February, despite moderate declines on Friday, for its best monthly performance since 2011 as investors piled into cyclical sectors geared to an improving US economy.

Consumer discretionary, technology and the materials industries led the advance by the index, each rising more than 7 per cent in February. Energy stocks also rebounded, rising 3.5 per cent, after seven months in which the sector fell by more than a fifth.

A boom in US and intentional oil prices offered a fillip to energy companies, with West Texas Intermediate climbing 2 per cent to $49.29 a barrel. The international equivalent, Brent, soared 17 per cent in February to end at $62.03.

Investors instead unwound their favoured trade of 2014, sending the S&P 500 utility index 7 per cent lower as the Federal Reserve’s first rate rise looms later this year. Electric and gas producers are more sensitive to rate moves than other companies due relative high debt loads. >> Read More

PARTY1

CRUDE-1000Day Before Yesterday Recommended to our Subscribers ,Buy CRUDE MCX @ 3135………!!

Our Mantra in PANIC ,BUY BUY BUY…………….Stop :3055 on closing basis ,yesterday again told buy at 3060.

Targets were 3175——–3190 level.

Just see ,Now kissed 3175 level…………..!!

Mint Money Every Moment ,Nothing else.Technically Yours/ASR TEAM/BARODA

MCX CRUDE ,NATURAL GAS-An Update

23 February 2015 - 13:55 pm

CRUDE-CRASHED

Now at 3262 level.

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A supply glut is once again weighing on oil.

The latest snapshot of US crude oil inventories showed they are at their highest level for this time in 80 years.

Inventories climbed 7.7m barrels in the week to February 13, to 425.6mm, according to the Energy Information Administration.

The report follows a 4.87m barrel rise the previous week and topped/missed Wall Street estimates for a 3m rise in oil inventories.

Brent, the international crude benchmark, was down 3.3 per cent to $58.55 a barrel ahead of the report. Meanwhile, WTI prices, the US standard, declined 4.4 per cent to $49.85 a barrel.

The inventory data has clipped a nascent rally driven by a decline in US rig count that has lifted oil prices 25 per cent since their low in mid-January.

The number of rigs drilling for oil in the US has fallen for 10 straight weeks to the lowest level since 2011, spurring hopes that slowing production would ease the glut of supply. But analysts warn that the market reaction to the data has been overblown. >> Read More

 

API data 19 February 2015  – weekly crude stocks up 14.3million barrels

Hitting oil hard with WTI down more than $1 since the numbers to $50.61.

Expectations would have been for something like 3.05mln barrel build in stockpiles …. so at 14.3 million, much greater. It means tomorrow’s official EIA data is highly likely to show stocks at a fresh record.

The rest of the API data:

  • Gasoline stocks up 1.3m vs -0.25m expected in EIA data
  • Distillates down 2.7m vs -1.19m expected in EIA data
  • Stocks at Cushing up 3.1m barrels

It’s a tough data point to trade because subscribers get it 5 minutes early.

 

CRUDE--TRIANGLE

Above is Daily Chart of WTI CRUDE

Look @ the Triangle………………………………2 Days back too Indicated !

Height of Triangle : $ 6.86

WTI-BLAST

Above is Hourly chart of WTI CRUDE

US oil boom to run out of steam

17 February 2015 - 20:46 pm
 

The boom in US oil output that has sent prices tumbling and put America on course to self-sufficiency by the 2030s will run out of steam in coming years, leading to record demand for crude from traditional Opec producers, according to BP.

In its latest long-term energy outlook, the UK-based oil major forecasts rapid growth of so-called “tight” oil supplies, particularly in the US, until the end of this decade.

However, the pace of output growth, which has contributed to a collapse in oil prices, will then slow, paving the way for a recovery in the market share of producers in the Middle East.

The US, it says, is likely to become self-sufficient in oil by the 2030s, having imported some 60 per cent of its total demand as recently as 2005.

It is expected to to turn into a net oil exporter “over the next few years”, causing a dramatic shift in trading patterns as the flow of international crude sales moves increasingly from west to east >> Read More

SIL-CR

 

SILVER-CRUDE-CRASHAbove are Screen Shots of Our Messages to our Subscribers :

Silver MCX :From 37120 to  36215 level in hrs only !!

Recommended to Sell CRUDE MCX @ 3260………………….Crashed to kiss 3186 in just  45 minutes of trade !!

As Expected NICKEL ,We Updated in Evening again at 888 level…………Look it crashed to  876 level.

What else u want in life ??Let us KNOW !

 

CRUDE-TRIANGLE

Above is Daily Chart of WTI CRUDE

Watch Triangle of $ 6.86

Let’s see…………….What Happens ?

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Technically Yours,
Team ASR,
Baroda, India.