Oil

[forexking2]

The trading range for today is among the key support at 87.00 and the key resistance at 91.10
The short term trend is to the upside target at 104.65 then 110.55 steady weekly closing above 78.00

[amni570]

For this week the pivot points (weekly and monthly) for EUR/USD are: 1.2891 weekly; 1.2843 monthly.
The euro is located above the weekly pivot point and above the Moving Average of 200 periods.
Accordingly, the pivot points signify the following.
The euro is trading above the weekly pivot close to this level and is likely to...

[turabawan8]

PRECIOUS-Gold rebounds from 1-month low; jewellers set to buy

* Gold off 1-month low, but tone cautious
* Hedge funds cut bullish bets on U.S. commodities
* Investors waiting for this week's FOMC meeting

(Updates prices, adds CFTC graphic)
By Lewa Pardomuan
SINGAPORE, Oct 22 (Reuters) - Gold slipped to its weakest in
a month on Monday before recovering slightly as prices became
more attractive, but speculators unwinding long positions and
worries about the health of the global economy could curb gains.
Falling equities could force speculators to cash in gold to
cover losses and to turn to the safety of the dollar, although
the metal could find support at around $1,700, a level which may
spark more buying from jewellery makers ahead of the year-end
festive season.

[David7]

Oil in spite of everything continues to fall, the price could not even stop the medium level of 87.86 which was broken almost non-stop, is now technically do not have to further reduce any obstacles, the price can easily go to the 80.00 figure.

[turabawan8]

DIARY - MidEast/African holidays to December 2012

REUTERS DIARY OF MIDDLE EAST/AFRICAN HOLIDAYS
Double-click in brackets for Americas holidays
, Asian holidays and European
holidays

Alternatively click on to retrieve dates by
country.

Please note the diaries mentioned above can be accessed
only from Thomson Reuters products.

** Details below represent the latest information
available and will be supplemented later, particularly with
updated entries for Muslim holidays.

[VANDA_S]

On the Daily chart, the price is below the 12 EMA and 72 EMA indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Take profit: 78.10

[ahmed fakhry]

Prices traded during the day were influenced by news coming from the representative of TransCanada company Mr.James Millar who was telling that the pipeline will resume sending oil to the U.S. probably today after a two-day of delay. The cost of December futures of WTI fell to $88.57 dollars per barrel on the NYMEX today.

[forexking2]

Expected trading range for today is between: Support 87.00 Resistance 92.00
General tendency is expected for the day:up

[ashaab]

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 87.00 and key resistance at 91.10. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.

[raihan8212]

Crude oil futures moved lower during U.S. afternoon hours Monday, as never ending global economic health worries continued to weigh on the appeal of growth-linked assets.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD88.67 a barrel during U.S. afternoon trade, dropping 1.96%.

Concerns over the global economic outlook intensified after global economic bellwether Caterpillar reported weaker-than-expected third quarter earnings results and cut its full-year outlook.

The update reflects �global economic conditions that are weaker than we had previously expected,� the company said.

Prices came under additional pressure after TransCanada planned to restart its Keystone pipeline Monday, a day later than expected. The pipeline was shut for repairs last Wednesday after a "small anomaly" was found in a section running from Missouri to Illinois.

The Keystone pipeline moves approximately 590,000-barrels-a-day from Canada to Cushing, Oklahoma, the delivery point for New York futures.

Prices fell more than 2% last Friday after The European Union's closely-watched two-day summit ended without major news to renew investor confidence in the region�s handling of its ongoing debt crisis.

Oil prices were higher earlier in the session after the center-right Popular Party of Prime Minister Mariano Rajoy increased its majority in his home region of Galicia on Sunday, removing a possible obstacle to formally requesting financial aid from Spain�s euro zone partners.

Rajoy said last Friday he still had not decided whether to request a sovereign bailout, dampening hopes the debt-strapped nation was moving closer to requesting a full-scale bailout.

A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation. But Spain has been reluctant to do so because it may come with conditions on its budget.

Some bargain buying also helped lift oil futures off the lows, after prices moved into oversold territory. Technical traders said prices had fallen too far, too fast and were due for a technical bounce.

Oil prices have been under heavy selling pressure in recent sessions, as increasing concerns over the outlook for global economic growth and its impact on future oil demand prospects dampened the appeal of the commodity.

Official data released last week showed that China�s third-quarter gross domestic product grew at an annualized rate of 7.4%, the weakest pace since the first quarter of 2009 and the seventh straight quarter of slower growth.

Markets may stay subdued ahead of the release later in the week of U.S. data including monthly new home sales, durable goods orders and third-quarter GDP figures.

Investors are also turning their attention to the Federal Reserve's policy meeting on Tuesday and Wednesday after the central bank announced its third round of quantitative easing last month.

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

Market players also continued to focus on escalating tensions between Syria and Turkey and the possibility that Iran could support Syria in such a dispute.

Countries in the Middle East and North Africa were responsible for 36% of global oil production and held 52% of proved reserves in 2011.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery rose 0.2% to trade at USD110.36 a barrel, with the spread between the Brent and crude contracts sta

---------- Post added at 11:02 AM ---------- Previous post was at 10:46 AM ----------

Crude oil futures rose in Asian trading on Tuesday after investors felt disappointing quarterly earnings reports had pushed the commodity down far enough.

Brewing hopes for a Spanish bailout brought in bargain hunters as well.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD89.11 a barrel on Tuesday, up 0.52%, off from a session high of USD89.23 and up from an earlier session low of USD89.09.

Third-quarter earnings season is underway, and several disappointments have sparked selling, stoking fears that a sluggish global economy will need less fuels and energy to operate.

Google, Microsoft, General Electric and McDonald's disappointed some investors last week, while this week, earth mover Caterpillar met expectations but cut its earnings forecast for the second time this year, which sent investors selling oil on fears the global economy continues to battle headwinds.

Caterpillar's third-quarter net income hit USD1.7 billion, compared with USD1.14 billion, a year earlier.

Third-quarter revenues rose 5% on year to USD16.5 billion, slightly less than expectations.

Hopes that Spain will seek a bailout grew Tuesday and brought oil prices up with them.

Spanish Prime Minister Mariano Rajoy's center-right Popular Party increased its majority presence in the prime minister's home region of Galicia, which investors saw as a sign of support for economic policies needed to request a bailout.

Last week, Spanish Prime Minister Mariano Rajoy said his government felt it was under no pressure to seek a bailout, which pushed oil down and fueled a wait-and-see mode among many investors.

With voters apparently supportive of Rajoy's austerity policies, investors went long on growth-sensitive assets such as oil on sentiments the government may be ready to finally ask for a financial lifeline.

Requesting financial assistance would allow Spain to tap the European Central Bank's bond-buying program, which would lower yields in Spanish government debt auctions and ease credit conditions in the country.

On the ICE Futures Exchange, Brent oil futures for December delivery were down 0.11% and trading at USD109.69 a barrel, up USD20.58 from its U.S. counterpart.