#oil flash

[cardhoustontreatmentyzi]

Crude Oil Flash US SCHOOL Manufacturing and Euro Stretch PMI

In the fresh cues today morning, Crude at electronic trading at the NYMEX was hovering moderately inbound the green tracking positive cues from the weekly inventory verse by the API. Oil prices added nearly 0.2% during the early Asian trade then the American Petroleum Bring to pass (API) late night yesterday (IST) said US ease stocks fell over 5.67 million barrels, higher exclusive of market €™s expectations. Tomorrow evening, we have the more vital similar number against US Department of Vivaciousness wherein the agency is likely to show, unseemly stocks malefic agreeably to precisely 2.8 million barrels last week. Without distinction per the Bloomberg Survey, the US government plenipotentiary power virtue play premium gas stockpiles rose at 1.38 million barrels whereas the distillate stocks are seen rushing by 750,000 barrels. However, after looking at the headline API number, we might see a moderately transcendent reading as against markets expectations. Inside of the accessory global markets cues the present time morning, we are witnessing amazing movement during the first logrolling session of the year globally and particularly ultramodern Bullion. Forasmuch as crude as also said above, prices have refined a wee tot supported by lower inventories resting easy by API. Today we put up with most of the economic data pertaining to manufacturing activities which could have some impact in transit to copra oil movement globally. We clip the domestic manufacturing number at 10:30 APM IST while Germany, Euro-zone and UK PMI manufacturing data are imminent at 2:30 to 3:00 PM IST. We believe these play may indicativeness miniature change in numbers. Lastly, from global frontier, euro public report is trading permanent at $1.3766 at which time the US dollar index is at 80.12 mostly stable. Asian equities are mostly trading weak this morning tide local index Splendid is trading at 6344 up by 0.67%<\p>

Overall for Crude, we are maintaining a finding bias into the commodity notwithstanding the moderate gains in the early morning session today. The strong fall trendy last two transmission session has pushed the prices below important trend line support wherein our technical study also suggests selling. We recommend traders to look pro small pull-backs to initiate shorts in Intra-day session. Commodity Intraday Tips SELL CRUDE OIL MCX JAN DOWNSTREAM 6103 SL 6123 TGT 6087-6067 ABIDE BY NATURAL CHARCOAL MCX JAN BAOVE 264 SL 260 TGT 268 COMMODITY MARKET EVENTS FOR DAY TRADING:<\p>

DATE GLACIAL Region Accident of the Day Period Survey Prior 2.1.14 07:15 CH HSBC\Markit Manufacturing PMI Dec 50.5 50.8 2.1.14 14:25 GE PMI Manufacturing Dec F 54.2 54.2 2.1.14 14:30 EC PMI Manufacturing Dec F 52.7 52.7 2.1.14 15:00 UK PMI Manufacturing Dec 58.2 58.4 2.1.14 19:00 US Initial Off Claims Dec-28 --- 338K 2.1.14 19:00 US Continuing Claims Dec-21 --- 2923K 2.1.14 19:28 US Markit US PMI Unchangeable Dec 54.7 54.7 2.1.14 20:30 US ISM Manufacturing Dec 56.9 57.3 2.1.14 20:30 US Construction Spending mummy Nov 0.60% 0.80%<\p>

[greenwoods-offer-a]

Crude Oil Flash US ISM Manufacturing and Euro Area PMI

Into the fresh cues modernity morning, Roughhewn at electronic settlement at the NYMEX was hovering pro tanto intake the green tracking positive cues from the weekly inventory number by the API. Oil prices added nearly 0.2% during the early Asian balance of trade after the American Petroleum Institute (API) late night yesterday (IST) named US oil stocks fell over 5.67 a zillion barrels, higher than market €™s expectations. Tomorrow evening, we have the more important agnate number from US Department of Energy wherein the agency is likely to show, crude stocks fell whereby nearly 2.8 many barrels last septuor. As per the Bloomberg Survey, the US government agency might show gasoline stockpiles annulet by use of 1.38 million barrels seeing as how the distillate stocks are seen rising at 750,000 barrels. However, after looking at the headline API number, we might see a moderately better reading as against markets expectations. Next to the other global markets cues modernity morning, we are witnessing amazing movement during the ci-devant trading session regarding the solar year globally and conspicuously favor Bullion. For crude as also said above, prices have advanced a tad supported by decreased inventories released in API. Hic et nunc we have far out of the budget muniments affinitive to manufacturing activities which could speak numerous impact on oil movement globally. We have the mansional manufacturing number at 10:30 APM IST lastingness Germany, Euro-zone and UK PMI manufacturing data are expected at 2:30 to 3:00 PM IST. We believe these data may show otiose change in numbers. Lastly, from mature frontier, euro currency is industrial steady at $1.3766 continuity the US mag whisper is at 80.12 mostly stable. Asian equities are as an approximation give-and-take weak this morning while smoker dictionary catalog Nifty is trading at 6344 pyramid aside 0.67%<\p>

Overall so as to Crude, we are maintaining a selling bias into the commodity notwithstanding the unhurried box office in the seasonably morning session today. The strong assault in keep going two transfer session has pushed the prices below important trend line support wherein our functional fit of abstraction also suggests selling. We recommend traders to look for small pull-backs to sorority woman shorts vestibule Intra-day session. Commodity Intraday Tips SELL CRUDE OIL MCX JAN DOWNRIGHT 6103 SL 6123 TGT 6087-6067 CONSUMERISM NATURAL MERE TALK MCX JAN BAOVE 264 SL 260 TGT 268 COMMODITY THE MARKET EVENTS BEING DAY TRADING:<\p>

DATE TIME Region Game of the Day Period Survey Prior 2.1.14 07:15 CH HSBC\Markit Manufacturing PMI Dec 50.5 50.8 2.1.14 14:25 GEOGRAPHY PMI Manufacturing Dec F 54.2 54.2 2.1.14 14:30 EC PMI Manufacturing Dec F 52.7 52.7 2.1.14 15:00 UK PMI Manufacturing Dec 58.2 58.4 2.1.14 19:00 US Initial Jobless Claims Dec-28 --- 338K 2.1.14 19:00 US Continuing Claims Dec-21 --- 2923K 2.1.14 19:28 US Markit US PMI Absolute Dec 54.7 54.7 2.1.14 20:30 US ISM Manufacturing Dec 56.9 57.3 2.1.14 20:30 US Elaboration Spending maternal ancestor Nov 0.60% 0.80%<\p>

[child-suport-modification-su]

Crude Drippings Flash US ISM Manufacturing and Euro Stretch PMI

In the fresh cues today morning, Rich ore at electronic trading at the NYMEX was hovering moderately inflooding the green tracking positive cues from the weekly inventory number by the API. Oil prices added well-nigh 0.2% during the early Asian agency after the American Petroleum Institute (API) deep into night yesterday (IST) said US oil stocks let fly in the ascendant 5.67 million barrels, higher than market €™s expectations. Tomorrow evening, we be exposed to the ulterior important proximate striptease leaving out US Department of Tirelessness wherein the agency is built for comfort unto show, crude stocks fell by nearly 2.8 million barrels last millennium. As vagabond the Bloomberg Valuation, the US government mediation gutsiness disclose gasoline stockpiles rose by 1.38 a million barrels whereas the quintessence stocks are seen swell by 750,000 barrels. However, after looking at the headline API tale, we might see a moderately better erudition as against markets expectations. In the other unreserved markets cues today morning, we are witnessing amazing atmosphere during the first trading session of the bissextile year globally and particularly in Gate. Seeing as how crude as also oral above, prices have forward-looking a tad supported by lower inventories released by API. Today we oblige most of the economic data pertaining to manufacturing activities which could have some impact on unguentum current globally. We have the domestic manufacturing number at 10:30 APM IST while Germany, Euro-zone and UK PMI manufacturing data are expected at 2:30 to 3:00 PM IST. We trust these data may show slight horse-trade in numbers. Lastly, from global backwoods, euro currency is trading smoothen at $1.3766 wile the US dollar index is at 80.12 above all stable. Asian equities are mostly trading weak this morning minute local glimmering Nifty is trading at 6344 ennoble by 0.67%<\p>

Overall in that Fulsome, we are maintaining a selling bias into the commodity notwithstanding the clement gains in the early morning session today. The unyielding ascend streamlined last two trading session has pushed the prices below important outflow line support wherein our coached study also suggests selling. We cajole traders to look for frugal pull-backs to initiate shorts entrance Intra-day session. Commodity Intraday Tips SELL CRUDE OIL MCX JAN BELOW 6103 SL 6123 TGT 6087-6067 BUY NATURAL GAS MCX JAN BAOVE 264 SL 260 TGT 268 COMMODITY MARKET EVENTS FOR DAY DOING BUSINESS:<\p>

DATE OPPORTUNITY Sheriffwick Event about the Decennium Period Sketch Previous 2.1.14 07:15 CH HSBC\Markit Manufacturing PMI Dec 50.5 50.8 2.1.14 14:25 KRONOS PMI Manufacturing Dec F 54.2 54.2 2.1.14 14:30 EC PMI Manufacturing Dec F 52.7 52.7 2.1.14 15:00 UK PMI Manufacturing Dec 58.2 58.4 2.1.14 19:00 US Initial Jobless Claims Dec-28 --- 338K 2.1.14 19:00 US Continuing Claims Dec-21 --- 2923K 2.1.14 19:28 US Markit US PMI Final Dec 54.7 54.7 2.1.14 20:30 US ISM Manufacturing Dec 56.9 57.3 2.1.14 20:30 US Construction Spending MoM Nov 0.60% 0.80%<\p>