CL Redux

Hagel: Israeli threats, sanctions helped push Iran to nuclear talks

http://www.jpost.com/Iranian-Threat...ions-helped-push-Iran-to-nuclear-talks-330569

1/ The next round of talks between Iran and the P5+1 group, made of the US, Russia, China, Germany, France and Britain, is <b>due to take place on Thursday and Friday in Geneva </b>.


2/ Rouhani 'not optimistic' about nuclear talks
Iranian President Hassan Rouhani said on Monday that he was not optimistic about the success of nuclear talks with the West, echoing statements made by Iran's Supreme Leader Ayatollah Ali Khamenei on his Twitter page.

3/ I am not optimistic about the negotiations but, with the grace of God, we will not suffer losses either," Khamenei said. "I do not think the negotiations will produce the results expected by Iran."


Despite that, he backed Rouhani by urging hardliners in Tehran not to undermine the talks.


“Our negotiators are in charge of a difficult task and no one should weaken an agent who is engaged doing work,” he added.
 
One Possible Scenario
==================

OIL may test 92 this week, and on Friday if IRAN-US Nuclear talks fail , then next Monday on wards a reversal from 92 to 97

The consolidated Range 92-97 is the range OIL traded in the month of MAY and JUNE as shown in chart in previous posts
 
Expected API stocks number by Analysts +2.5 million barrels

http://www.marketwatch.com/story/na...r-worries-2013-11-05?link=MW_home_latest_news

The American Petroleum Institute (API) was scheduled to release its oil supply figures <b>at 4:30 p.m. Eastern time</b>, and analysts polled by Platts expected <b>oil stocks to rise 2.5 million barrels for the week ended Nov. 1. </b>Supplies have <b>increased during the past six weeks </b>as domestic production continues to climb, Platts wrote on Monday.

The <b>expected rise for the week</b> ending Nov. 1 comes <b>as refiners are forecast to lower their utilization, or run rates. The projected increase in supply “runs counter to the figure based on the [Energy Information Administration’s] five-year average, which indicates that crude-oil stocks could decline by as much as 1.3 million barrels.”
 
alot of bearish talking .. plus its been selling off for a while.. you start hearing these wild low targets... at some point its gotta be oversold.. but who knows
 
Huge Bullish API Inventory Report
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The American Petroleum Institute late Tuesday reported as follows:

Crude Oil : -0.8 vs. +2.5 ( all Million Barrels)
Gasoline: -4.3 vs. -1.0
Distillate : -2.7 vs. -1.5

- means: DRAW
+ means: BUILD ( inventory increased )

This is first week of DRAW for CRUDE after 6 weeks of Build .
This is Huge Huge Bullish Report on all 3 fronts , Crude OIL, Gasoline Distillate. inventory DARWs on all 3 categories more than Analyst forecasts.

I speculate Big traders Manufactured today 93.0 SELL OFF ( Knowing API in advance ) by taking the advantage of 'CRUDE DOWN Trend' for Nice ACCUMULATION and short squeeze tomorrow .

I expect a Nice Short Squeeze tomorrow to 95 area , once EIA confirms these numbers.

The LongTerm DOwn Trend will continue, but this is one possible small rally .

http://www.marketwatch.com/story/ap...0-barrels-2013-11-05?link=MW_home_latest_news
 
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