FIS Technical – Brent July Daily The July futures are trading above the 8—21 period EMA’s and the USD 29.46 level. The upside move is now deep into the last bear wave, this means the technical phase is considered as neutral rather than bearish. To view the full reports please click on the link …
Tag archives: FO
Brent June 20 Morning Technical Comment – 240 Min
Brent June 20 Morning Technical Comment – 240 Min
Historic Oil Output Cuts Give Boost to World’s Dirtiest Crudes
Historic Oil Output Cuts Give Boost to World’s Dirtiest Crudes (Bloomberg) — Heavier and more sulfurous oil is getting a price boost as production curbs by the OPEC+ alliance tighten the supply of what’s generally regarded as lower-quality crude. Abu Dhabi’s Upper Zakum, a grade with high sulfur content, is at the narrowest discount against …
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Capesize under pressure from crude sell off
Capesize paper market went downhill on lower trading activities over bearish market outlook and falling crude prices. Trade participants were concerned over the sharp plunge in crude prices and its impact on bunkers and freight rates. As such, Capesize 5 time charter average went down by $525 to $9,556 on Tuesday, after a sharp sell …
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Capesize in retreat despite higher bunker prices
Capesize paper market continued to run out of the steam and fell for the third consecutive day amid bearish market sentiments. Thus, Capesize 5 time charter average dropped y by $394 day-on-day to $8,531 on Thursday, after it came under pressure in morning session that set the tone for the rest of trading day. The …
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Capesize drops ahead of holidays in Asia
Capesize paper market traded on narrow range as trade participants were concerned over several holidays in Far East in coming days. Thus, the Capesize 5 time charter average dropped by $150 day-on-day to $8,381 on Friday, as liquidity dried up ahead of the many holidays in Asia that limited shipping activities. Some Capesize demand had …
Capesize under pressure from low physical fixtures
Capesize paper market continued the downside with lower physical fixtures in view of coming May Labour holidays across countries. Due to lack of physical trading, the Capesize 5 time charter average dropped by $89 to $8,292 on Monday. Thus, many trade participants were expecting a sluggish week ahead of the many holidays in coming days. …
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Capesize mutes ahead impending May holidays
Capesize paper market slid to downward trend on limited activities ahead of the May Labor holidays. Thus, the Capesize 5 time charter average went down by $120 to $8,172 with impending holidays in the Asia, such as China and Japan enjoying their Golden week holidays soon. Minning majors like Rio Tinto and FMG were still …
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