CL Redux
- Thread starter schizo
- Start date
http://af.reuters.com/article/energyOilNews/idAFN1431860020110214
Oil BULL factors
-----------------
"Recent (WTI/Brent) divergence was furthered overnight as an expected
renewed upswing in Cushing supplies is pushing the front WTI contango to
new wide territory ...
- while rising global equities,
- economic news out of China and
- underlying Middle East unrest are supporting April
Brent values," Jim Ritterbusch, president at Ritterbusch & Associates in
Galena, Illinois, wrote in a note.
* Iranian security forces deployed in the streets of Tehran to prevent
a planned opposition rally in solidarity with popular uprisings in Egypt
and Tunisia that toppled their presidents, witnesses said. [ID:nLDE71D13Z]
* Government backers armed with broken bottles, daggers and rocks
chased down thousands of pro-reform demonstrators in Yemen's capital,
turning unrest inspired by Egypt's uprising increasingly violent.
[ID:nLDE71D12D]
* China's crude oil imports in January rose 27 percent from a year-ago
to the fourth highest on record, as refiners raised production and beefed
up diesel inventories. [ID:nTOE64607F]
BEAR factors
---------------
* U.S. heating demand this week is expected to be 24.2 percent below
normal, the National Weather Service forecast. Heating oil demand will
average 22.3 percent below normal, while heating demand for natural gas
will average 23.9 percent below normal, the NWS said. [ID:nSGE71D06C]
Oil BULL factors
-----------------
"Recent (WTI/Brent) divergence was furthered overnight as an expected
renewed upswing in Cushing supplies is pushing the front WTI contango to
new wide territory ...
- while rising global equities,
- economic news out of China and
- underlying Middle East unrest are supporting April
Brent values," Jim Ritterbusch, president at Ritterbusch & Associates in
Galena, Illinois, wrote in a note.
* Iranian security forces deployed in the streets of Tehran to prevent
a planned opposition rally in solidarity with popular uprisings in Egypt
and Tunisia that toppled their presidents, witnesses said. [ID:nLDE71D13Z]
* Government backers armed with broken bottles, daggers and rocks
chased down thousands of pro-reform demonstrators in Yemen's capital,
turning unrest inspired by Egypt's uprising increasingly violent.
[ID:nLDE71D12D]
* China's crude oil imports in January rose 27 percent from a year-ago
to the fourth highest on record, as refiners raised production and beefed
up diesel inventories. [ID:nTOE64607F]
BEAR factors
---------------
* U.S. heating demand this week is expected to be 24.2 percent below
normal, the National Weather Service forecast. Heating oil demand will
average 22.3 percent below normal, while heating demand for natural gas
will average 23.9 percent below normal, the NWS said. [ID:nSGE71D06C]
Quote from EON Kid:
no his paw prints are all over the chart, so far it looks like its only the little bear
no point in getting to technical as I may lose most of you
If the Gawd almighty goes along with my plan, we should see the small bears hanging out in the mid 82-ish and the large paws printed at 75.
One view is that , this bearishness today tomorrow may be MMs accumulation for week end 89 level given more bull factors than bear as I listed in above post.
Quote from EON Kid:
you're dreamingit doesn't look that bearish