Crude Price Outlook
Crude oil price outlook – Crude oil futures close at 74.90 on NYMEX
May 28, 2010 Administrator Crude Oil, Crude Price Outlook, Euro, Euro Zone Crisis, Trade Ideas, Trading, Uncategorized, 0
Crude oil future contracts for July deliveries closed Thursday at 74.90 at NYMEX capping a second day of gains after a 3% gain yesterday.
Crude Oil, Crude Oil trading ideas, Euro crisis, Europe, Oil ETF, Options, Price updates, Trading Oil, USO
Trading crude oil – USO trading pre-open at 33.65
May 27, 2010 Administrator Crude Oil, Crude Price Outlook, Euro, Euro Zone Crisis, Trade Ideas, Trading, Uncategorized, 0
The USO (crude oil ETF) is likely to open up by a dollar between 33.65 and 34 on the strength of crude oil in Asia and Europe. Actual action in crude oil prices will be determined by the initial and continuing jobs claims data as well as the GDP deflator estimate out today at 8:30 [...]
Crude Oil, Crude Oil trading ideas, Euro crisis, Europe, Oil ETF, Options, Price updates, Trading Oil, USO
Euro currency outlook – Euro and Europe up on China Reserve review denials
May 27, 2010 Administrator Crude Oil, Crude Price Outlook, Euro, Euro Zone Crisis, Trade Ideas, Trading, Uncategorized, 0
And we are off, should see a spike and a gap up on market open across indices, markets and oil. The China reserve review rumor yesterday had markets in turmoil on anticipated Euro weaknesses. The China denial today pushed Euro as high 1.2342 in Europe and has pushed all markets beyond the green line. Once [...]
Crude Oil, Crude Oil trading ideas, Euro crisis, Europe, Oil ETF, Options, Price updates, Trading Oil, USO
Trading crude oil volatility – Crude oil future spreads are at it again.
May 27, 2010 Administrator Crude Oil, Crude Price Outlook, Euro, Euro Zone Crisis, Trade Ideas, Trading, Uncategorized, 1
Nauman Khan, Mohammed Bux and Agnes, our three resident oil geniuses, pulled some interesting data and graphs today. The first shows the spread as a percentage of spot price (WTI) for NYMEX CL3, CL6, CL10 and CL12 crude oil future contracts. As we had mentioned earlier in the NYMEX contract specification post, CL3, CL6, CL10 [...]
Crude Oil, Crude Oil trading ideas, Euro crisis, Europe, Oil ETF, Options, Price updates, Trading Oil, USO
Crude oil outlook – oil rises above 73, euro breaks 1.23
May 27, 2010 Administrator Crude Oil, Crude Price Outlook, Euro, Euro Zone Crisis, Trade Ideas, Trading, Uncategorized, 0
Asia and brighter prospects for a stronger US recovery pushed crude oil beyond 73.32 dollars at NYMEX in electronic afternoon trading in Europe. Euro recovered part of its weakness and pushed pass 1.23 to a US dollar. By the time New York opens for business, oil should make a smart recovery and possibly break 75 [...]
Crude Oil, Crude Oil trading ideas, Euro crisis, Europe, Oil ETF, Options, Price updates, Trading Oil, USO
Oil price outlook – Oil up again in early trading in Asia, Euro picks up slack
May 27, 2010 Administrator Crude Oil, Crude Price Outlook, Euro, Euro Zone Crisis, Trade Ideas, Trading, Uncategorized, 0
Oil touched 71.84, hovering near the 72 dollar level in early afternoon trading in Singapore after the dollar weakened against Euro and slid to 1.2279 from 1.2178 yesterday.
Crude Oil, Crude Oil trading ideas, Euro crisis, Europe, Oil ETF, Options, Price updates, Trading Oil, USO
Euro outlook summary – China review, Euro at 1.2170 in Tokyo, next stop 1.18
May 27, 2010 Administrator Crude Oil, Crude Price Outlook, Euro, Euro Zone Crisis, Trade Ideas, Trading, Uncategorized, 0
Most analysts are now talking about 1.18 as the next new low for Euro. There were rumors of Chinese officials reviewing their Euro-zone debt holdings, more concerns about Spain and Italy and the extent, depth and length of a slowdown in Europe on account of austerity measures. The fall in Euro last night in New [...]
Crude Oil, Crude Oil trading ideas, Euro crisis, Europe, Oil ETF, Options, Price updates, Trading Oil, USO
Crude Oil price outlook – Crude oil crosses $71.45 at 2pm Eastern time, NYMEX higher by 3.9%
May 26, 2010 Administrator Crude Oil, Crude Price Outlook, Euro, Euro Zone Crisis, Trade Ideas, Trading, 0
Interesting whiplash action today compared to yesterday as crude rises by almost 4% despite an EIA reported rise in crude inventories and a drop in gasoline stocks, an improvement in durable goods orders and the first decline in 10 weeks at the inventory number in Cushing, OK where deliveries for the WTI crude oil contract [...]
Crude Oil, Crude Oil outlook, Crude Oil price today, Crude Oil trading ideas, Euro crisis, Europe, NYMEX futures, Oil ETF, Oil prices, Options, Price updates, Trading Oil, USO
Calculating Value at Risk – Caveats, qualifications, issues
May 26, 2010 Administrator Crude Oil, Crude Price Outlook, Euro, Euro Zone Crisis, Trade Ideas, Trading, Uncategorized, 0
Qualifications to using and Limitations of the Value at Risk (VaR) Metric VaR is dependent on historical data and therefore may never fully capture severe shocks that exceed recent or historical norms. Also if the time period used in the calculation is a relatively stable one then the computed VaR will tend to understate the [...]
Crude Oil, Crude Oil trading ideas, Euro crisis, Europe, Oil ETF, Options, Price updates, Trading Oil, USO
Crude Oil price outlook – Oil picks up 1.7 dollars, rises across Asia and Europe
May 26, 2010 Administrator Crude Oil, Crude Price Outlook, Euro, Euro Zone Crisis, Trade Ideas, Trading, Uncategorized, 0
I can finally breathe a sigh of relief as my out of money call options on oil (USO) start showing some sign of life as crude oil for July delivery picks up 1.7 dollars on rising equities, lower gasoline stocks and the expected EIA report later today. Oil rose across trading in Asia and Europe [...]
Crude Oil, Crude Oil trading ideas, Euro crisis, Europe, Oil ETF, Options, Price updates, Trading Oil, USO
