Crude tops $50, nears one-month high
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Esta zona nos 50.50-51.00 que já tinha funcionado como suporte em Outubro é agora zona de resistência. Mais tarde colocarei um update às análises que tenho feito ao crude...
FLOP - Fundamental Laws Of Profit
1. Mais vale perder um ganho que ganhar uma perda, a menos que se cumpra a Segunda Lei.
2. A expectativa de ganho deve superar a expectativa de perda, onde a expectativa mede a
__.amplitude média do ganho/perda contra a respectiva probabilidade.
3. A Primeira Lei não é mesmo necessária mas com Três Leis isto fica definitivamente mais giro.
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Crude tops $50, nears one-month high
FUTURES MOVERS: Crude tops $50, nears one-month high
By Myra P. Saefong, CBS.MarketWatch.com
Last Update: 10:43 AM ET Nov. 30, 2004
SAN FRANCISCO (CBS.MW) -- Crude futures climbed above $50 a barrel in New York to trade at their highest level in almost a month Tuesday with some investors betting that OPEC will decide to cut production when it members next month.
Prices are "driven by the idea of an OPEC cut being in the offing which -- if it happens -- would be like pouring salt in an already open wound and could be the driving force toward $60 oil very quickly," said Kevin Kerr, president of Kerr Trading International.
At last check, crude for January delivery added 39 cents to stand at $50.15 a barrel after trading as high as $50.40 earlier -- the contract's highest level since Nov. 4.
Among the products, December heating oil traded at $1.45 a gallon, up 0.63 cent, while December unleaded gasoline was up 0.71 cent at $1.31 a gallon.
January becomes the lead-month contract for oil products after the session's close. January heating oil was up 0.76 cent at $1.446 a gallon and January unleaded gas climbed 0.79 cent to $1.323 a gallon.
OPEC has indicated that it will "either lower production quotas or vow to roll back production to current quotas," said Phil Flynn, a senior analyst at Alaron Trading. "It appears the falling dollar has OPEC wanting the price of oil to go higher as compensation," he said.
Last week, Iran and Venezuela called for a cut in the current production quota, which stands at 27 million barrels per day, excluding Iraq. OPEC is set to meet on Dec. 10 in Cairo.
At the same time, traders have been assessing expectations for Wednesday's weekly update on U.S. petroleum supplies.
Expectations are mixed regarding data from the Energy Department and American Petroleum Institute.
IFR Markets is looking for a decline in crude supplies of as much as 2 million barrels, while Alaron Trading expects a decline closer to the 2 million-barrel mark. But Fimat USA anticipates a 2 million-barrel increase.
IFR expects an increase of between 1 million and 2 million barrels for distillate supplies. Fimat believes the climb will be closer to 1.5 million barrels. In contrast, Alaron expects a 2 million-barrel decline.
Motor gasoline stocks likely rose between 2 million and 3 million barrels, IFR said. Fimat bets on an 800,000 barrel climb. Alaron sees a 2 million-barrel fall.
By Myra P. Saefong, CBS.MarketWatch.com
Last Update: 10:43 AM ET Nov. 30, 2004
SAN FRANCISCO (CBS.MW) -- Crude futures climbed above $50 a barrel in New York to trade at their highest level in almost a month Tuesday with some investors betting that OPEC will decide to cut production when it members next month.
Prices are "driven by the idea of an OPEC cut being in the offing which -- if it happens -- would be like pouring salt in an already open wound and could be the driving force toward $60 oil very quickly," said Kevin Kerr, president of Kerr Trading International.
At last check, crude for January delivery added 39 cents to stand at $50.15 a barrel after trading as high as $50.40 earlier -- the contract's highest level since Nov. 4.
Among the products, December heating oil traded at $1.45 a gallon, up 0.63 cent, while December unleaded gasoline was up 0.71 cent at $1.31 a gallon.
January becomes the lead-month contract for oil products after the session's close. January heating oil was up 0.76 cent at $1.446 a gallon and January unleaded gas climbed 0.79 cent to $1.323 a gallon.
OPEC has indicated that it will "either lower production quotas or vow to roll back production to current quotas," said Phil Flynn, a senior analyst at Alaron Trading. "It appears the falling dollar has OPEC wanting the price of oil to go higher as compensation," he said.
Last week, Iran and Venezuela called for a cut in the current production quota, which stands at 27 million barrels per day, excluding Iraq. OPEC is set to meet on Dec. 10 in Cairo.
At the same time, traders have been assessing expectations for Wednesday's weekly update on U.S. petroleum supplies.
Expectations are mixed regarding data from the Energy Department and American Petroleum Institute.
IFR Markets is looking for a decline in crude supplies of as much as 2 million barrels, while Alaron Trading expects a decline closer to the 2 million-barrel mark. But Fimat USA anticipates a 2 million-barrel increase.
IFR expects an increase of between 1 million and 2 million barrels for distillate supplies. Fimat believes the climb will be closer to 1.5 million barrels. In contrast, Alaron expects a 2 million-barrel decline.
Motor gasoline stocks likely rose between 2 million and 3 million barrels, IFR said. Fimat bets on an 800,000 barrel climb. Alaron sees a 2 million-barrel fall.
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