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CL Redux
- Thread starter schizo
- Start date
one Observation:
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a) Last few days CL is dropping to 84 and eventually pushed to 86 irrespective of market conditions for the day.
b) I smell a pattern here . It is seems this patterns is crated by Big Boys to condition other market participants that 85 is base line for Crude these days.
c) this conditioning may be pre step to lock in many LONGS around 85 then pull the rug to 80 in one fine morning in the next few trading sessions (to REFLECT reduced IRAN war threat AND EURO 1.220 ) .
let us see how it goes ...
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a) Last few days CL is dropping to 84 and eventually pushed to 86 irrespective of market conditions for the day.
b) I smell a pattern here . It is seems this patterns is crated by Big Boys to condition other market participants that 85 is base line for Crude these days.
c) this conditioning may be pre step to lock in many LONGS around 85 then pull the rug to 80 in one fine morning in the next few trading sessions (to REFLECT reduced IRAN war threat AND EURO 1.220 ) .
let us see how it goes ...
Quote from InvestVision:
one Observation:
------------------------
a) Last few days CL is dropping to 84 and eventually pushed to 86 irrespective of market conditions for the day.
b) I smell a pattern here . It is seems this patterns is crated by Big Boys to condition other market participants that 85 is base line for Crude these days.
c) this conditioning may be pre step to lock in many LONGS around 85 then pull the rug to 80 in one fine morning in the next few trading sessions (to REFLECT reduced IRAN war threat AND EURO 1.220 ) .
let us see how it goes ...
maybe 75 if ES drops below 1300.
<b>U.S. Sanctions Iranian Tankers To Tighten Oil Noose </b>
http://www.bloomberg.com/news/2012-07-12/u-s-adds-sanctions-on-iran-for-proliferation-oil-trade.html
Jul 12, 2012 7:55 PM PT ( yesterday Night news )
1/ <b>The Obama administration sanctioned the National Iranian Tanker Co. and four alleged front companies for Iranâs oil trade, the latest salvo in a U.S.-led campaign to curtail Iranâs petroleum sales until it abandons illicit aspects of its disputed nuclear program. </b>
The U.S. Treasury Department announced yesterday it would freeze American assets belonging to the tanker operator, known as NITC, and block the companyâs transactions from the U.S. financial system. The Treasury said Iranâs government controls the company, a former subsidiary of the state-owned National Iranian Oil Co. that was officially privatized 12 years ago.
2/ <b>The Treasury identified 27 entities affiliated with the tanker company and 58 vessels -- some of which have been reflagged in other countries to evade international sanctions on Iranâs petroleum sales.
The move is intended to expose the tanker companyâs links to the Iranian regime and discourage refiners, traders and shippers from dealing in Iranian oil that may be disguised as crude from another country, according to three officials in President Barack Obamaâs administration </b>
3/ These identifications highlight Iranâs attempts to evade sanctions through the use of front companies, as well as its attempts to conceal its tanker fleet by repainting, reflagging, or disabling GPS devices,â the Treasury said in a statement.
4/ Oil rose after the U.S. announced the sanctions aimed at the second-biggest crude producer in the Organization of Petroleum Exporting Countries
5/ Reflagging Tankers
<b>In the past month, NITC changed the flags on 11 tankers to the Tanzania Zanzibar International Register of Shipping and 20 others to Tuvalu, according to the Equasis shipping database maintained by the European Commission. The ships were registered under new names and companies, while NITC remained the operator, data show </b>
6/ Weapons Proliferation
Separately, the Treasury named individuals and entities allegedly involved in Iranian nuclear and missile proliferation activities, including an alleged Austrian native named Daniel Frosch who the U.S. said owns International General Resourcing FZE, based in the United Arab Emirates. The U.S. designated Good Luck Shipping of the U.A.E. for allegedly providing logistical services to Iranâs Ministry of Defense.
<b> With yesterdayâs actions, the U.S. has identified 155 ships affiliated with IRISL whose assets are blocked and frozen in the U.S. </b>
7/ The Treasury also named 20 Iranian financial institutions that were blocked from the U.S. financial system under an Executive Order last February. <b>While those banks have not been sanctioned by the U.S. for involvement in weapons proliferation or terror financing, U.S. officials said they were naming the banks to discourage all firms concerned with their reputation from doing business with Iran. U.S. companies and individuals are already prohibited from engaging in most transactions with Iran. </b>
http://www.bloomberg.com/news/2012-07-12/u-s-adds-sanctions-on-iran-for-proliferation-oil-trade.html
Jul 12, 2012 7:55 PM PT ( yesterday Night news )
1/ <b>The Obama administration sanctioned the National Iranian Tanker Co. and four alleged front companies for Iranâs oil trade, the latest salvo in a U.S.-led campaign to curtail Iranâs petroleum sales until it abandons illicit aspects of its disputed nuclear program. </b>
The U.S. Treasury Department announced yesterday it would freeze American assets belonging to the tanker operator, known as NITC, and block the companyâs transactions from the U.S. financial system. The Treasury said Iranâs government controls the company, a former subsidiary of the state-owned National Iranian Oil Co. that was officially privatized 12 years ago.
2/ <b>The Treasury identified 27 entities affiliated with the tanker company and 58 vessels -- some of which have been reflagged in other countries to evade international sanctions on Iranâs petroleum sales.
The move is intended to expose the tanker companyâs links to the Iranian regime and discourage refiners, traders and shippers from dealing in Iranian oil that may be disguised as crude from another country, according to three officials in President Barack Obamaâs administration </b>
3/ These identifications highlight Iranâs attempts to evade sanctions through the use of front companies, as well as its attempts to conceal its tanker fleet by repainting, reflagging, or disabling GPS devices,â the Treasury said in a statement.
4/ Oil rose after the U.S. announced the sanctions aimed at the second-biggest crude producer in the Organization of Petroleum Exporting Countries
5/ Reflagging Tankers
<b>In the past month, NITC changed the flags on 11 tankers to the Tanzania Zanzibar International Register of Shipping and 20 others to Tuvalu, according to the Equasis shipping database maintained by the European Commission. The ships were registered under new names and companies, while NITC remained the operator, data show </b>
6/ Weapons Proliferation
Separately, the Treasury named individuals and entities allegedly involved in Iranian nuclear and missile proliferation activities, including an alleged Austrian native named Daniel Frosch who the U.S. said owns International General Resourcing FZE, based in the United Arab Emirates. The U.S. designated Good Luck Shipping of the U.A.E. for allegedly providing logistical services to Iranâs Ministry of Defense.
<b> With yesterdayâs actions, the U.S. has identified 155 ships affiliated with IRISL whose assets are blocked and frozen in the U.S. </b>
7/ The Treasury also named 20 Iranian financial institutions that were blocked from the U.S. financial system under an Executive Order last February. <b>While those banks have not been sanctioned by the U.S. for involvement in weapons proliferation or terror financing, U.S. officials said they were naming the banks to discourage all firms concerned with their reputation from doing business with Iran. U.S. companies and individuals are already prohibited from engaging in most transactions with Iran. </b>
U.S. Stocks Rise As JPMorgan Jumps Amid China Speculation
http://www.bloomberg.com/news/2012-07-13/u-s-stock-futures-gain-amid-china-stimulus-speculation.html
âSix straight days down, the market is looking for something better,â Tom Wirth, who helps manage $1.6 billion as senior investment officer for Chemung Canal Trust Co., based in Elmira, New York, said in a telephone interview.
âYou started with China and JPMorgan added to it. The confidence is that the trading loss is 95 percent on the way behind us. the company is on the upswing.â
http://www.bloomberg.com/news/2012-07-13/u-s-stock-futures-gain-amid-china-stimulus-speculation.html
âSix straight days down, the market is looking for something better,â Tom Wirth, who helps manage $1.6 billion as senior investment officer for Chemung Canal Trust Co., based in Elmira, New York, said in a telephone interview.
âYou started with China and JPMorgan added to it. The confidence is that the trading loss is 95 percent on the way behind us. the company is on the upswing.â
Buffett Says Euro Destined For Failure Without Rule Changes
http://www.bloomberg.com/news/2012-...atal-flaw-can-t-survive-on-present-rules.html
Billionaire Warren Buffett said the euro is destined for failure and must be reworked if the 17 countries that share the currency are to keep their monetary union.
âThe system that they put in place had a fundamental fatal flaw,â Buffett said today
âIt canât survive with the present rules. Thatâs what theyâre learning. The question is, can 17 countries get together in a way to essentially re-do something.â
http://www.bloomberg.com/news/2012-...atal-flaw-can-t-survive-on-present-rules.html
Billionaire Warren Buffett said the euro is destined for failure and must be reworked if the 17 countries that share the currency are to keep their monetary union.
âThe system that they put in place had a fundamental fatal flaw,â Buffett said today
âIt canât survive with the present rules. Thatâs what theyâre learning. The question is, can 17 countries get together in a way to essentially re-do something.â
it seems yesterday CL push to 86+ may be related to this news . We retails traders may not get news in time, but Big guys may have it before pit close ( news cables etc... )
Quote from InvestVision:
<b>U.S. Sanctions Iranian Tankers To Tighten Oil Noose </b>
http://www.bloomberg.com/news/2012-07-12/u-s-adds-sanctions-on-iran-for-proliferation-oil-trade.html
Jul 12, 2012 7:55 PM PT ( yesterday Night news )
1/ <b>The Obama administration sanctioned the National Iranian Tanker Co. and four alleged front companies for Iranâs oil trade, the latest salvo in a U.S.-led campaign to curtail Iranâs petroleum sales until it abandons illicit aspects of its disputed nuclear program. </b>
Mideast crude tanker rates fall to 9-month low
http://www.reuters.com/article/2012/07/16/tankers-shipping-crude-idUSL6E8IGF6020120716
The world's benchmark VLCC export route from the Middle East Gulf (MEG) to Japan DFRT-ME-JAP reached W33.88 in the worldscale measure of freight rates, or -$3,899 a day when translated into average earnings, from W33.73 or -$3,609 on Friday and W35.75 or -$1,555 last Monday.
Average earnings were at their lowest since Oct. 17 last year.
"Physical VLCC rates continue to languish at low levels," Marex Spectron said.
Average VLCC earnings have been volatile in recent months, falling below the $10,000 a day level a number of times. Earnings stayed above $10,000 a day from Feb. 15. until June 8 and then again between June 20 and June 27 before sliding below the key psychological level since then.
Tanker players said downside risks remained for the sector, given worries about the global economy and the fact that more tankers, ordered when times were good, were still to join the global fleet.
"The tanker market ... lacks a catalyst to move rates up or down, leaving us with stagnation and negative demandside news from both east and west of Suez," HSBC said.
http://www.reuters.com/article/2012/07/16/tankers-shipping-crude-idUSL6E8IGF6020120716
The world's benchmark VLCC export route from the Middle East Gulf (MEG) to Japan DFRT-ME-JAP reached W33.88 in the worldscale measure of freight rates, or -$3,899 a day when translated into average earnings, from W33.73 or -$3,609 on Friday and W35.75 or -$1,555 last Monday.
Average earnings were at their lowest since Oct. 17 last year.
"Physical VLCC rates continue to languish at low levels," Marex Spectron said.
Average VLCC earnings have been volatile in recent months, falling below the $10,000 a day level a number of times. Earnings stayed above $10,000 a day from Feb. 15. until June 8 and then again between June 20 and June 27 before sliding below the key psychological level since then.
Tanker players said downside risks remained for the sector, given worries about the global economy and the fact that more tankers, ordered when times were good, were still to join the global fleet.
"The tanker market ... lacks a catalyst to move rates up or down, leaving us with stagnation and negative demandside news from both east and west of Suez," HSBC said.