Author archives: Edward Hutton
Iron Ore Offshore July 20 Morning Technical Comment – 240 Min Chart
6 Weeks on the Bounce
That is quite a recovery from what was a pretty dire situation for crude. Brent has now risen 6 weeks on the bounce, from a front month price close of around $19.15 on the 21st April to over $40 currently. If we don’t get a Friday sell off/profit taking, I’m sure that the powers that be …
Supramax June 20 Morning Technical Comment – 240 Min
Capesize July 20 Morning Technical Comment – 240 Min
Panamax June 20 Morning Technical Comment – 240 Min
Brent August 20 Morning Technical Comment – 240 Min
Oil Through the Looking Glass
Doubts Over OPEC Cuts Crude prices have dropped this morning due to the less optimistic picture among the OPEC+ oil cartel than we had yesterday. Russia and Saudi Arabia may have agreed to support each other on an extension to the cut agreement, masquerading as an oil version of the resolution to the film Step …
