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Author archives: Edward Hutton
Oil Through the Looking Glass 8/6/20
Cuts and Imports It must be music to the ears of all oil producers: the oil guzzling Chinese mainland has increased their crude imports to all-time highs. Low prices have drawn Chinese buyers to boost imports, with purchases rising to 11.3 million bpd in May. If you throw in the news of the one-month extension …
Brent August 20 Morning Technical Comment – 240 Min
Soy rises on China hopes but long term doubts remain
US domestic Soy prices have produced their highest close in nine weeks and their highest weekly percentage increase since March 27th. The price increase is on the back of continued purchases of U.S. agricultural products by China. Committed to over 50 billion tonnes of purchases, China has come under fire for sourcing Soy …
Continue reading “Soy rises on China hopes but long term doubts remain”
Panamax July 20 Morning Technical Comment – 240 Min
Capesize July 20 Morning Technical Comment – 240 Min
Iron Ore Offshore July 20 Morning Technical Comment – 240 Min Chart
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 …
