Oil prices have now recovered back into the post OPEC/NOPEC range. With OPEC’s meeting tomorrow on 25th May, we look at the most plausible outcomes, what it means for the…
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Analysing hedging flows and chart technicals have provided key inflection points for oil prices. The picture, as it currently stands, suggests that oil prices are forming a floor on the…
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Last week’s selloff to last Friday’s low of $46.65 bbl in Brent caused a lot of psychological damage in the market. As it stands today, investor positioning has “cleaned up”,…
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Consumers have an attractive opportunity to layer in hedges at current levels. Short covering should provide short-term tailwind to prices and longer term, supply/demand balance picture is ticking more positive.
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Oil is down $10 bbl since recent highs, erasing all post OPEC/NOPEC price gains. Market struggles to explain the selling, as not driven by fundamentals. Momentum funds are in position…
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For consumers, coffee prices are at an interesting level to layer in protection hedges. We believe ICE Arabica will outperform Robusta. Both look attractive up to 2 years out. We…
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Oil down almost $5 bbl in just 2 weeks and currently trading below the post OPEC/NOPEC deal. Options volatility (implied vols) moved higher on the price pullback. While producer (commercial)…
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ICE Arabica and ICE Robusta both closed sharply lower on what appeared to be fund selling. Futures market is now moving to major Support areas, just underneath closing values of…
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The heavy selling and volatility Wednesday was driven by the front of the curve technical positioning. Gasoline again proved to be a good “leading indicator” for crude flat price direction,…
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The oil price is $6+ bbl higher from recent intraday low in only a few trading sessions. The long positioning “washout” appears to be behind us and the market perception…
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Oil prices higher as geopolitical risk is putting $1 or so premium to price. This has not been the case for long. The consequences are unclear as Syria’s oil is…
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Prices on ICE traded on a relatively narrow range, while activity was mostly dominated by the switch, with 8.577 switches traded and 29.913 outrights lots. ICE Arabica settled at 139,30…
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