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Brent Oil Futures - Nov 16 (LCOX6)

 
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Please note: the Brent Oil contract rolled over on Aug 28, 2016 to the Nov 16 contract
50.15 0.00    0.00%
26/08 - Closed. Currency in USD ( Disclaimer )
Type: Commodity
Group: Energy
Unit: 1 Barrel

  • Prev. Close: 50.15
  • Open: 50.15
  • Day's Range: 50.15 - 50.15
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Brent Oil 50.15 0.00 0.00%
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Brent Oil Technical Analysis

Summary:BUY
Moving Averages:BUYBuy (9)Sell (3)
Technical Indicators:BUYBuy (4)Sell (3)

Pivot PointsAug 26, 2016 09:01PM GMT

NameS3S2S1Pivot PointsR1R2R3
Classic49.4249.5149.5749.6649.7249.8149.87
Fibonacci49.5149.5749.6049.6649.7249.7549.81
Camarilla49.5949.6049.6249.6649.6449.6649.67
Woodie's49.4049.5049.5549.6549.7049.8049.85
DeMark's--49.5449.6549.69--

Technical IndicatorsAug 26, 2016 09:01PM GMT

Name Value Action
RSI(14) 54.371 Neutral
STOCH(9,6) 32.711 Sell
STOCHRSI(14) 42.096 Sell
MACD(12,26) 0.110 Buy
ADX(14) 29.413 Buy
Williams %R -65.031 Sell
CCI(14) 43.8596 Neutral
ATR(14) 0.3664 High Volatility
Highs/Lows(14) 0.0000 Neutral
Ultimate Oscillator 49.115 Neutral
ROC 0.445 Buy
Bull/Bear Power(13) 0.0780 Buy

Buy: 4

Sell: 3

Neutral: 4


Summary: BUY

Moving AveragesAug 26, 2016 09:01PM GMT

Period Simple Exponential
MA549.69
Sell
49.70
Sell
MA1049.70
Sell
49.67
Buy
MA2049.58
Buy
49.59
Buy
MA5049.35
Buy
49.45
Buy
MA10049.31
Buy
49.44
Buy
MA20049.52
Buy
48.87
Buy

Buy: 9

Sell: 3


Summary: BUY

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Latest Brent Oil Comments

rodolfo visser
rodolfo visser 2 hours ago
Venezuela is an IMPORTER this year (2016) with no more credit - about bankrupt - the can buy cash in hand - Nigeria has been surpassed by Angola as net exporter that said also note that Canada imports from US so canadian rigs increase means less oil plus glut for US - Kashagan - Caspian sea - coming back in production thanks to new pipes - huge quantities - Forget brotherhood and generosity actual producer will be more than happy to wipe out weaker states but glut is here to stay or increase no doubt, facts. that said CFTC give statistics where speculators bull in oil gold and S&P increased - probably the last hooray before last September week FOMC + Algeri
Guy Laroche
Guy Laroche 14 hours ago
Crude oil prices eased to around $45 bbl in August as a global supply overhang weighed and demand growth weakened. Brent crude had threatened to break below $40 bbl at the end of July. Global oil demand growth is expected to slow from 1.4 mb/d in 2016 to 1.2 mb/d in 2017, as underlying support from low oil prices wanes. The 2017 forecast – though still above-trend – is 0.1 mb/d below our previous expectations due to a dimmer macroeconomic outlook. The 2016 outlook is unchanged from last month’s Report. Global oil supply rose by about 0.8 mb/d in July, as both OPEC and non-OPEC production increased. Output was 215 kb/d lower than a year earlier, as declines from non-OPEC more than offset an 840 kb/d annual gain in total OPEC liquids. Non-OPEC production is forecast to drop by 0.9 mb/d this year before rebounding by 0.3 mb/d in 2017. OPEC crude oil output rose by 150 kb/d to 33.39 mb/d in July as Saudi Arabia pushed output to the highest ever and Iraq pumped more.
Guy Laroche
Guy Laroche 14 hours ago
Robust Middle East production lifted total OPEC crude supply 680 kb/d above a year ago and held output at an eight-year high. Global refinery throughput in 3Q16 is expected to rise by 2.2 mb/d from a weak 2Q16 to a record 80.6 mb/d. At only 0.6 mb/d above a year earlier, 3Q16 runs will lag expected demand growth, eroding some of the product stock cushion built up since mid-2015. Runs are forecast to decline seasonally to below 80 mb/d in 4Q16. An OECD inventory overhang continued to shift from crude into products during June, with commercial stocks swelling by 5.7 mb to a record 3 093 mb., Declines in crude oil holdings were offset by an above average product build of 15.9 mb, with big volumes of US propane and other NGLs moving into storage.
Dr Money
Dr Money 11 hours ago
Nigeria, Libya and Venezuela with constant disruptions and far from their max output.... When these countries fix their internal situation we gonna have to find new storages to keep all this oil. YES, there is a HUGE GLUT yet,.
Guy Laroche
Guy Laroche 7 hours ago
Dr Money, I do not see demand overtaking supply in the near future. At this price, next week or two we will see a large increase in new rigs and a huge investment is now going in to Permian Basin,
rodolfo visser
rodolfo visser 15 hours ago
you may like it ++ the rumor under markets double swing was "Yemen missile fired to Saudi oil field"
Guy Laroche
Guy Laroche 14 hours ago
check above
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