Oil

[Emma]

Oil after left about 85.00 figure started to turn to the north, the price above the moving steadily strengthened alligator is like U-like reversal of the trend, bought a little while.

[raihan8212]

Crude oil futures declined on Friday, as two refineries remained shut on the U.S. East coast in the aftermath of Hurricane Sandy.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD86.67 a barrel during European morning trade, dropping 0.48%.

Prices rallied over 1% on Thursday, after the U.S. EIA said in its weekly report that U.S. crude oil inventories fell by 2.0 million barrels in the week ended October 26, confounding expectations for an increase of 1.5 million barrels.

Total U.S. crude oil inventories stood at 373.1 million barrels as of last week.

Prices also gained ground after the Department of Labor said earlier that the number of individuals filing for initial jobless benefits fell to 363,000 last week from 372,000 the previous week, compared to expectations for a decline to 370,000.

The data came on the heels of a report showing that U.S. private sector employment increased more-than-expected in October.

Payroll processing firm ADP said the U.S. private sector added 158,000 jobs this month, surpassing expectations for an increase of 135,000.

Also Thursday, the Institute for Supply Management said its index of purchasing managers rose to a five-month high of 51.7 in October from a reading of 51.5 in September.

A separate report showed that U.S. consumer confidence rose to the highest level since February 2008 in October.

The U.S. is the world�s biggest oil-consuming country, responsible for almost 22% of global oil demand.

But restarts at the refineries closed on Friday remain contingent on post-storm assessments, the companies said. Both were closed before Sandy hit and lost power after the storm made landfall October 29 in southern New Jersey.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery eased 0.08% to trade at USD108.06 a barrel, with the spread between the Brent and crude contracts standing at USD21.39 a barrel.

[suzonbmw03]

Today,Initial support at 100.00 (Intraday Support) followed by 98.00 (Intraday Support). I have selling position in 94.25 and will closed after 100 pips profit.

[lentera]

You can trade it via most platforms that offer CFDs, just like how you trade forex. If your platform offers gold, then it probably can offer oil via MT4. In terms of volume, it is supposed to be less liquid than forex, but if you are trading fairly small contracts its easy to get filled. Just note that oil can move abuot 5-10% a day, whereas fx moves 2-3% on big days, so you can make bigger wins and bigger losses.

---------- Post added at 12:14 PM ---------- Previous post was at 12:12 PM ----------

aku jane ora ngerti opo sing kowe kon lan de'e omongne neng kene, lan aku yo ra peduli kok sing penting jare kancaku lek aku nulis neng kene aku bakalan oleh modal gae treding, yo wes tak lakoni wae nulis neng kene masio jare wong aku nyampah yo ra popo ga masalah nggo aku perkoro akku engko didepak soko kene yo ra popo, aku yo ngerti sopoan neng kene sing senenge mung copy tok lan mung nggolek recehan perkoro ra nduwe modal

[raihan8212]

Crude oil futures were lower in Asian trading hours on Friday.

On the New York Mercantile Exchange, Crude oil futures for December delivery traded at USD86.93 a barrel at time of writing falling 0.18%.

It earlier traded at a session low USD86.84 a barrel. Crude oil was likely to find support at USD84.70 and resistance at USD87.37.

US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.07% to trade at USD80.19.

Elsewhere on the ICE, Brent oil for December delivery fell 0.11% to trade at USD108.06 a barrel, with the spread between the Brent oil and Crude oil contracts standing at USD21.13 a barrel.

[erespe]

I was wrong yesterday, so today, oil is still in a bullish. It may goes up to touch 87.55 level or higher. I hope my prediction is correct

[raihan8212]

U.S. crude oil inventories fell unexpectedly last month, official data showed on Thursday.

In a report, Energy Information Administration said that U.S. Crude Oil Inventories fell to a seasonally adjusted annual rate of -2.045M, from 5.896M in the preceding month.

Analysts had expected U.S. Crude Oil Inventories to rise 1.506M last month.

[forexking2]

Expected trading range for today is between: Support 82.10 Resistance 88.40
General tendency is expected for the day: Down

[erespe]

Oil, I guess it will be dropped untill 85.37 today. The price is now below the 21 period of MA, while Tenkan sen cross Kijun sen from above. And also today's open was below its daily pivot. Just a simple analysis.

[raihan8212]

Crude oil futures moved higher during U.S. afternoon hours Wednesday, but falling from the highest levels of the session after data showed manufacturing activity in the Chicago area contracted for the second consecutive month in October.

Oil prices were supported as refineries along the U.S. East Coast started to resume operations after Hurricane Sandy moved away from the region.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD86.35 a barrel during U.S. afternoon trade, gaining 0.77%.

New York-traded oil prices rose by as much as 1.1% earlier in the day to hit a session high of USD86.58 a barrel. On Monday, futures fell to a four-month low of USD84.70 a barrel.

Floor trading on the Nymex resumed Wednesday, along with U.S. equity markets, following a two-day closure for Hurricane Sandy.

Market research group Kingsbury International said its Chicago purchasing managers� index rose to 49.9 in October from a reading of 49.7 the previous month. Analysts had expected the index to improve to 50.0 in October.

On the index, a reading above 50.0 indicates expansion, below indicates contraction.

Meanwhile, the U.S. National Hurricane Center said earlier in the day that Sandy weakened to a surface trough as it passed over western Pennsylvania.

Receding concerns over the super-storm prompted some of the region�s refineries to resume operations.

Philadelphia Energy Solutions� 355,000 barrel-a-day Pennsylvania refinery is restoring operations and NuStar Energy�s 74,000 barrel-a-day Paulsboro, New Jersey, plant will be at full production on Wednesday, the companies said.

Seven refineries with a total capacity of 1.29 million barrels a day had shut or reduced operations because of Sandy in recent days.

Oil traders were looking ahead to weekly data from the U.S. government on oil supplies on Thursday to gauge the strength of demand from the world�s largest oil consumer.

The release of the report was postponed from Wednesday, due to storm-related delays.

The data was expected to show that U.S. crude oil stockpiles increased by 1.5 million barrels last week, while gasoline inventories were forecast to rise by 0.16 million barrels.

After markets closed Tuesday, the American Petroleum Institute, an industry group, said that U.S. crude inventories rose by 2.12 million barrels last week, while gasoline stocks decreased by a modest 0.17 million barrels.

The U.S. is the world�s biggest oil consuming country, responsible for almost 22% of global oil demand.

Meanwhile, euro zone developments remained in focus. Spanish Prime Minister Mariano Rajoy said earlier that his country needs the help of the European Union to meet its budget goals, and added that EU progress on a banking union would allow leeway on making a formal request for aid.

The debt-strapped country has been reluctant to ask for financial assistance from its euro zone partners because of concerns it may come with conditions on its budget.

Market players were also focusing on a series of important political and economic events set to unfold in early November.

On Thursday, China will release a report on manufacturing data for October, followed by closely-watched U.S. non-farm payrolls data on Friday.

Political developments were likely to take center stage next week, with the U.S. presidential election on November 6 and the start of the Chinese Communist Party Congress on November 8, where a once-in-a-decade leadership change was to take place.

The U.S. and China are the world�s two largest oil consuming nations and manufacturing and employment numbers are used as indicators for fuel demand growth.

New York-traded oil prices have been under heavy selling pressure in recent weeks, losing nearly 6% in October, as increasing concerns over the outlook for global economic growth and the impact on future oil demand prospects dampened the appeal of the commodity.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery eased down 0.1% to trade at USD108.95 a barrel, with the spread between the Brent and crude contracts standing at USD22.85 a barrel.