Jump to content

Brent Dec-15


Recommended Posts

Oil fundamentals are bearish.

Production is up in the US even as rig counts are down.

The term structures have also moved bearishly in the last week .

Crude storage is being bid for quite aggressively in the US as well.

 

Don't think the support will hold.

 

Just my thoughts.

 

Cheers,

 

JB.

Link to post

My thoughts on the USD are that it's likely to be stronger in to the Dec Fed meeting where I like many expect lift off on rates.

As such commodities are going to do it tough for a few weeks.

My feeling is that the Fed will pause for a while after the first rise.

Link to post

Support has gone.  Interesting times ahead.  One of the problems for oil is a strong dollar.  However if and when rates rise, you would expect the dollar to get stronge which would put further pressure on commodities across the board.  Although saying that, I think the markets have generally priced in a rate rise already.

Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
      13,799
    • Total Posts
      68,734
    • Total Members
      57,509
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    chrisay
    Joined 27/01/21 08:27
  • Posts

    • Today will be announced the Earnings Release of TESLA. Analysis & rating of BarChart: https://www.barchart.com/stocks/quotes/TSLA/analyst-ratings
    • Today will be announced the Earnings Release of Facebook. Analysis & rating of BarChart: https://www.barchart.com/stocks/quotes/FB/analyst-ratings
    • I'll try one last time to get my point across, this time without any stats or charts, simply a link to a thread on Reddit with people describing their experiences of getting back into running post Covid. These are the people that aren't in the death stats. You will probably say that they are just "random people on the internet". Well I am part of this community and know several of them in the thread.  I also know of two others who are experiencing affects long after recovering from Covid- one still gets out of breath after walking up stairs (was previously very fit) months later and another, a semi-pro singer who literally can't sing anymore. @Caseynotes Keep posting your memes and **** but be aware that you contributing to people taking covid less seriously and ultimately ending up like those in this thread:
×
×
  • Create New...