Crude news

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  #1  
Old 28th December 2005, 09:07 AM
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kaushal is on a distinguished road
Post Crude news



Crude oil fell on expectations that milder temperatures in the U.S. will help preserve stockpiles of winter heating fuels that are above average levels.

Warmer weather is forecast for most of the U.S., with temperatures in the Northeast averaging 8 degrees above normal through Jan. 3, Missouri-based forecaster Weather Derivatives said today. Temperatures in Boston will average almost 40 degrees Fahrenheit (4 Celsius), about 9 degrees above typical levels this time of year

The U.S. weather is becoming warmer than expected for the next week,'' said Staale Berg, an energy trader with Norsk Hydro ASA in Oslo. Hedge funds and other speculators are unlikely to buy before the start of the new year

Oil may trade near $54-$58 a barrel this week in New York.The production shortfall is currently 35,000 barrels a day, down from a loss of 180,000 barrels a day, the newswire said. The company will maintain a state of force majeure, which allows it to breach supply contracts because of circumstances beyond its control.

Kaushal Shah

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  #2  
Old 18th January 2006, 01:26 AM
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zarif is on a distinguished road
Default Re: Crude news

Daily levels Nymex Crude oil.
R3 66.19
R2 64.99
R1 64.46

PP 63.79
S1 63.26
S2 62.59
S3 61.39


Weekly Pivots

R3 68.76
R2 66.31
R1 65.11

PP 63.86
S1 62.66
S2 61.41


Hope it helps.
My view is that as the crude has exceeded the 10,20 and 40 day highs today we shall see a Southbound move soon.
Please let me know your views aswell.

rgds
zarif

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  #3  
Old 18th January 2006, 05:31 PM
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zarif is on a distinguished road
Default Re: Crude news

Oil inventories Tomorrow due to Monday MLK holiday

Some support and resistance on Nymex Crude.

R3: 69.42
R2: 67.57
R1: 66.94

PP: 65.72
S1: 65.09
S2: 63.87
S3: 62.02


Using:O=64.50 H=66.35L=65.50C=66.31


Some Fib extensions and retracements:

4.250 74.21
2.618 71.19
1.618 69.34
1.000 68.20
0.618 67.49

HIGH 66.35
0.618 65.64
0.500 65.43
0.382 65.21

LOW 64.50
-0.618 63.36
-1.000 62.65
-1.618 61.51
-2.618 59.06
-4.250 56.64


Hope it helps, please trade wisely and safely,
rgds
zarif

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  #4  
Old 19th January 2006, 05:55 PM
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zarif is on a distinguished road
Default Re: Crude news

OIL AND DISTILLATE INVENTORIES AT 15.30GMT

Some support and resistance on Nymex Crude.

R3: 69.98
R2: 68.23
R1: 67.24

PP: 66.48
S1: 65.49
S2: 64.73
S3: 62.98


Using:O=67.00 H=67.48 L=65.73 C=66.25


Some Fib extensions and retracements:

4.250 74.91
2.618 72.06
1.618 70.34
1.000 69.23
0.618 68.56

HIGH 67.48
0.618 66.81
0.500 66.60
0.382 66.39

LOW 65.73
-0.618 64.64
-1.000 63.98
-1.618 62.89
-2.618 61.14
-4.250 58.29


Hope it helps,
please trade wisely and safely,
rgds
zarif

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  #5  
Old 20th January 2006, 03:58 PM
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sparas is on a distinguished road
Default Re: Crude news

Thanks Zarif
We would appreciate if u can provide call on daily basis.
Paras

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  #6  
Old 20th January 2006, 10:58 PM
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zarif is on a distinguished road
Default Re: Crude news

Paras

Many thanks for the feedback as I was beggining to wonder if anyone was finding it useful etc. I dont mind sharing and learning from each other but without rapport/feedback it becomes boring to say the least.
I shall put the update eveyday from now on.
Also please feel free to comment and put your vies and analysis aswell.

My view on oil is that it is just political garbage related at the moment and by early next week if not sooner we shall be sailing south again. I have already started building short positions for that from 68.20nymex march and will add from above if required.

Haapy and safe trading to all

rgds
zarif

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  #7  
Old 23rd January 2006, 02:43 PM
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karimel is on a distinguished road
Default Re: Crude news

Hi ,

Anybody can tell me if is possible in India Trade at the Cme the minicrude oil

with 500 usd

i use this platform

www.strategyrunner.it /com

Let me know

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  #8  
Old 23rd January 2006, 04:42 PM
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zarif is on a distinguished road
Default Re: Crude news

For the Texan Guys / Gals :


Some support and resistance on Nymex Crude.

R3: 72.28
R2: 70.28
R1: 69.38

PP: 68.28
S1: 67.38
S2: 66.28
S3: 64.28


Using:O=67.25 H=69.18 L=67.18 C=68.48


Some Fib extensions and retracements:

4.250 77.68
2.618 74.41
1.618 72.41
1.000 71.18
0.618 70.41

HIGH 69.18
0.618 68.41
0.500 68.18
0.382 67.94

LOW 67.18
-0.618 65.94
-1.000 65.18
-1.618 63.94
-2.618 61.94
-4.250 58.68


Hope it helps,
please trade wisely and safely,
rgds
zarif

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  #9  
Old 24th January 2006, 04:14 PM
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zarif is on a distinguished road
Default Re: Crude news

For the Texan Guys / Gals :


Some support and resistance on Nymex Crude.

R3: 71.52
R2: 69.92
R1: 69.01

PP: 68.32
S1: 67.41
S2: 66.72
S3: 65.12


Using:O=68.50 H=69.23 L=67.63 C=68.10


Some Fib extensions and retracements:

4.250 76.03
2.618 73.41
1.618 71.81
1.000 70.83
0.618 70.21

HIGH 69.23
0.618 68.61
0.500 68.43
0.382 68.24

LOW 67.63
-0.618 66.64
-1.000 66.03
-1.618 65.64
-2.618 63.44
-4.250 60.83


Hope it helps,
please trade wisely and safely,
rgds
zarif

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  #10  
Old 25th January 2006, 04:04 PM
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zarif is on a distinguished road
Default Re: Crude news

For the Texan Guys / Gals :

OIL & DISTILLATE INVENTORIES AT 15.30GMT.

Some support and resistance on Nymex Crude.

R3: 69.75
R2: 68.57
R1: 67.82

PP: 67.40
S1: 66.64
S2: 66.22
S3: 65.05


Using:O=68.08 H=68.15 L=66.98 C=67.06


Some Fib extensions and retracements:

4.250 73.14
2.618 71.23
1.618 70.05
1.000 69.33
0.618 68.88

HIGH 68.15
0.618 67.70
0.500 67.56
0.382 67.42

LOW 66.98
-0.618 66.25
-1.000 65.80
-1.618 65.07
-2.618 63.90
-4.250 61.90


Hope it helps,
please trade wisely and safely,
rgds
zarif

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