review the oil market for 05.10.09
Dynamics
Quotes of the oil market on the basis of trading on Monday October 5 were closed c slight increase in price against falling U.S. dollar in the currency market FOREX, and also because of the positive trend of the stock sites and adjacent markets.
At the New York Stock Exchange NYMEH cost of the November futures for U.S. light crude rose by 0.46, and its price, therefore, amounted to 70.41 dollar per barrel.
The exchange ICE in London, Brent crude futures price fell 0.03 to 68.04 dollars per barrel.
Causes
On Monday, October 5 quotes in the market of black gold as a result of trades showed a slight increase in price against falling U.S. dollar in the FOREX market to a basket of world currencies after the release of favorable data on business activity in non-productive sector in the United States, and also because of the positive trend of the stock sites and adjacent markets, namely the significant growth in prices in the gold market. Positives also added a message to suspend the work of several units at refineries in the cities of Torrance and Baton Rouge.
From news is the announcement by Yukos's former chief financial officer Bruce Misamore that the company YUKOS International, the American daughter of Yukos, expects to recover in the Strasbourg Court with the government of Russia of not less than $ 100 billion. Misamore head of the company YUKOS International, which, he said, protects the interests of 55 thousand shareholders who have suffered as a result of bankruptcy of one of the largest oil corporations in the world. He finds no justification in terms of legislation the prosecution of former Yukos head Mikhail Khodorkovsky and top managers, as well as the bankruptcy of giant and returning it under state control. This is the biggest lawsuit in the 60-year history of the European Court of Human Rights, which has no precedent. For his part, Alexander Konovalov, head of the Justice Ministry said earlier that Russia views the process as an ordinary and intended to draw the attention of the court for procedural violations in the complaint.
What to expect?
The main event of today's trading session is out of data on stocks of petroleum and petroleum products from the U.S. Institute of Petroleum. Market participants expect the reduction of petroleum reserves, but at the same time, growth stocks of gasoline and distillates. Among distillates include heating oil and diesel fuel.
Why worry?
negative factor in the oil market is the technical picture, namely the fact that prices continue to hang in the range of 65-75 dollars per barrel, which is observed from mid-July, while approaching the upper limit of the range of possible increased profit-taking market participants on long positions.
Overview of precious metals market for 05.10.09
Dynamics
On Monday, October 5 on the basis of trading quotes on gold and silver have shown significant upward trends in price due to the fall of the dollar in the foreign exchange market, FOREX, as well as on the background of technical factors and positive market sentiment.
As a result of trading on the COMEX, division of the New York Mercantile Exchange (NYMEX), quotes gold futures rose by 13.50 to 1017.80 U.S. dollar per troy ounce, quotes, silver futures rose 30 cents to 16.53 dollars per ounce.
Causes
On Monday, October 5 quotes for precious metals market has shown a significant upward trend in price due to the fall of the dollar in the FOREX market after the release of favorable data on business activity in non-productive sector in the United States, as well as on the background of technical factors - buy gold increased after the price exceeded the highs of last week in the area in 1011 dollars, and quite naturally worked stop orders. His major stake in positive have a positive market sentiment in the stock markets, where indices closed in green zone (Dow Jones industrial average - 9599.75 (112.08), Nasdaq Composite - 2068.15 (20.04), SP 500 - 1040.46 (15.25)) and adjacent markets, namely the rise in prices for oil market. Quotationssilver futures have risen in price after the quotes for gold, but technically lagging behind it.
From news can note that the Government of Tajikistan pays about 80% of the value of gold miners, leading to the production placers deposit Shugnov (Tajikistan, Khatlon region). Under the contract, each prospector must pass at least 5 grams of gold per month, for every gram he gets $ 25. Production season of the field Shugnov lasts from May to October-November. Despite the fact that the rains will start soon and the snow, people hurrying to work the remaining time. State, leaving a portion of the funds will only cover the cost of refining and transportation, rightly gives all the miners, as there is no mechanism for their supplies and devices for professional production. On the territory of the Republic 28 known gold deposits, resources amount to about 430 tons. Today in Tajikistan are three major gold mining company: JV Zerafshan, JV Darwaz and JV Aprelevka. Annual production of gold in Tajikistan, an average of 1600 kg, most of which is extracted JV Zerafshan.
What to expect?
The main positive factor in the gold market is the falling U.S. dollar on the foreign exchange market, FOREX, as well as positive market sentiment in the stock markets and adjacent markets, which may encourage market participants to test the historic peak of 1030.80 dollars per troy ounce, set 17 March 2008.
Why worry?
The main negative factor for the precious metals market is the technical picture, namely, that bidding closed near the global maxima, and many indicators are overbought zone, which in turn may increase the pressure on precious metals and re-throw quotes to the strong support at 985 dollars per troy ounce.
non-ferrous metals market review for 05.10.09
Dynamics
On Monday, October 5 quotes for non-ferrous metals on the basis of trading on the London Stock Exchange closed with a rise in price due to the fall of the dollar in the foreign exchange market, FOREX, as well as on the background of technical factors and positive sentiment in the stock markets.
At the London Metal Exchange LME aluminum price closed at 1,759 dollars per tonne.
Copper at the close of the exchange was worth 5855 dollars per ton.
Nickel bidding up the price of 17100 dollars per tonne.
Causes
On Monday, Oct. 5 the price of nonferrous metals on the basis of trading on the London Stock Exchange in low volume closed with a rise in price due to the fall of the dollar in the FOREX market to a basket of world currencies, as well as on the background of technical factors - increasing purchases near the strong levels of support and positive sentiment in the stock markets and adjacent markets, namely the growth of market prices of oil and precious metals. The leader of growth in the market of nonferrous metals was made by copper.
From the news it is worth noting that the company Mitsubishi Materials Corp, the third volume of production of blister copper producer in Japan, announced plans for the period from October 2009 to March 2010 to produce 156.102 tons of copper. This is 20% higher than for the corresponding period of previous fiscal year. Compared with the previous semester (April-September 2009), when it was produced 145.554 tons of copper, growth was 7%. Production of copper in the current fiscal year was reduced due to repairs at the enterprise Naosima, held in the second half of the year. Most Japanese copper smelting companies were forced to reduce the production of metal from the global financial crisis, which caused reduced demand for copper products. Now, Mitsubishi Materials wants to return to full production. Demand, which declined by almost half, gradually restored.
What to expect?
According to some analysts, the price of copper in the near future will increase due to the return of China's shopping malls after the celebration of national holidays, as well as by the growth of stock markets and the rise of precious metals market.
Why worry?
However, in the opinion of other analysts, quotes, copper go down, the reason why is the technical picture, and easily will be strong support around 5800 dollars per tonne, giving a negative impact on the entire market of nonferrous metals.
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Analyst Ratings
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Insurance case
More and more insurance companies deny payments to its customers in …
Lump in the throat
To get rid of the capital's real estate collateral, banks are willing to reduce its cost …
The composite index of Asian stocks rising for the first 4 sessions
U.S. indexes rose on Monday after shares of banks and on the good statistics
Stabilization of the external background contributes to the majority of Russian securities, the MICEX index adds more than 2%
Reorganization of the sector fixed-line should be a catalyst for the growth of interest in the company sector
Speculative recommendation on shares of Polyus Gold , Gazprom, Lukoil, Sberbank and VTB
Domestic investors will give in the auction on Tuesday preference shares of commodity companies and banks
At Russia's stock market is expected to continue growing at least until the opening of American sites
The disappointing economic data and the excess reserves could lead to the fact that oil prices will sink to $ 65-75 per barrel
review the oil market for 05.10.09
Dynamics
Quotes of the oil market on the basis of trading on Monday October 5 were closed c slight increase in price against falling U.S. dollar in the currency market FOREX, and also because of the positive trend of the stock sites and adjacent markets.
At the New York Stock Exchange NYMEH cost of the November futures for U.S. light crude rose by 0.46, and its price, therefore, amounted to 70.41 dollar per barrel.
The exchange ICE in London, Brent crude futures price fell 0.03 to 68.04 dollars per barrel.
Causes
On Monday, October 5 quotes in the market of black gold as a result of trades showed a slight increase in price against falling U.S. dollar in the FOREX market to a basket of world currencies after the release of favorable data on business activity in non-productive sector in the United States, and also because of the positive trend of the stock sites and adjacent markets, namely the significant growth in prices in the gold market. Positives also added a message to suspend the work of several units at refineries in the cities of Torrance and Baton Rouge.
From news is the announcement by Yukos's former chief financial officer Bruce Misamore that the company YUKOS International, the American daughter of Yukos, expects to recover in the Strasbourg Court with the government of Russia of not less than $ 100 billion. Misamore head of the company YUKOS International, which, he said, protects the interests of 55 thousand shareholders who have suffered as a result of bankruptcy of one of the largest oil corporations in the world. He finds no justification in terms of legislation the prosecution of former Yukos head Mikhail Khodorkovsky and top managers, as well as the bankruptcy of giant and returning it under state control. This is the biggest lawsuit in the 60-year history of the European Court of Human Rights, which has no precedent. For his part, Alexander Konovalov, head of the Justice Ministry said earlier that Russia views the process as an ordinary and intended to draw the attention of the court for procedural violations in the complaint.
What to expect?
The main event of today's trading session is out of data on stocks of petroleum and petroleum products from the U.S. Institute of Petroleum. Market participants expect the reduction of petroleum reserves, but at the same time, growth stocks of gasoline and distillates. Among distillates include heating oil and diesel fuel.
Why worry?
negative factor in the oil market is the technical picture, namely the fact that prices continue to hang in the range of 65-75 dollars per barrel, which is observed from mid-July, while approaching the upper limit of the range of possible increased profit-taking market participants on long positions.
Overview of precious metals market for 05.10.09
Dynamics
On Monday, October 5 on the basis of trading quotes on gold and silver have shown significant upward trends in price due to the fall of the dollar in the foreign exchange market, FOREX, as well as on the background of technical factors and positive market sentiment.
As a result of trading on the COMEX, division of the New York Mercantile Exchange (NYMEX), quotes gold futures rose by 13.50 to 1017.80 U.S. dollar per troy ounce, quotes, silver futures rose 30 cents to 16.53 dollars per ounce.
Causes
On Monday, October 5 quotes for precious metals market has shown a significant upward trend in price due to the fall of the dollar in the FOREX market after the release of favorable data on business activity in non-productive sector in the United States, as well as on the background of technical factors - buy gold increased after the price exceeded the highs of last week in the area in 1011 dollars, and quite naturally worked stop orders. His major stake in positive have a positive market sentiment in the stock markets, where indices closed in green zone (Dow Jones industrial average - 9599.75 (112.08), Nasdaq Composite - 2068.15 (20.04), SP 500 - 1040.46 (15.25)) and adjacent markets, namely the rise in prices for oil market. Quotationssilver futures have risen in price after the quotes for gold, but technically lagging behind it.
From news can note that the Government of Tajikistan pays about 80% of the value of gold miners, leading to the production placers deposit Shugnov (Tajikistan, Khatlon region). Under the contract, each prospector must pass at least 5 grams of gold per month, for every gram he gets $ 25. Production season of the field Shugnov lasts from May to October-November. Despite the fact that the rains will start soon and the snow, people hurrying to work the remaining time. State, leaving a portion of the funds will only cover the cost of refining and transportation, rightly gives all the miners, as there is no mechanism for their supplies and devices for professional production. On the territory of the Republic 28 known gold deposits, resources amount to about 430 tons. Today in Tajikistan are three major gold mining company: JV Zerafshan, JV Darwaz and JV Aprelevka. Annual production of gold in Tajikistan, an average of 1600 kg, most of which is extracted JV Zerafshan.
What to expect?
The main positive factor in the gold market is the falling U.S. dollar on the foreign exchange market, FOREX, as well as positive market sentiment in the stock markets and adjacent markets, which may encourage market participants to test the historic peak of 1030.80 dollars per troy ounce, set 17 March 2008.
Why worry?
The main negative factor for the precious metals market is the technical picture, namely, that bidding closed near the global maxima, and many indicators are overbought zone, which in turn may increase the pressure on precious metals and re-throw quotes to the strong support at 985 dollars per troy ounce.
non-ferrous metals market review for 05.10.09
Dynamics
On Monday, October 5 quotes for non-ferrous metals on the basis of trading on the London Stock Exchange closed with a rise in price due to the fall of the dollar in the foreign exchange market, FOREX, as well as on the background of technical factors and positive sentiment in the stock markets.
At the London Metal Exchange LME aluminum price closed at 1,759 dollars per tonne.
Copper at the close of the exchange was worth 5855 dollars per ton.
Nickel bidding up the price of 17100 dollars per tonne.
Causes
On Monday, Oct. 5 the price of nonferrous metals on the basis of trading on the London Stock Exchange in low volume closed with a rise in price due to the fall of the dollar in the FOREX market to a basket of world currencies, as well as on the background of technical factors - increasing purchases near the strong levels of support and positive sentiment in the stock markets and adjacent markets, namely the growth of market prices of oil and precious metals. The leader of growth in the market of nonferrous metals was made by copper.
From the news it is worth noting that the company Mitsubishi Materials Corp, the third volume of production of blister copper producer in Japan, announced plans for the period from October 2009 to March 2010 to produce 156.102 tons of copper. This is 20% higher than for the corresponding period of previous fiscal year. Compared with the previous semester (April-September 2009), when it was produced 145.554 tons of copper, growth was 7%. Production of copper in the current fiscal year was reduced due to repairs at the enterprise Naosima, held in the second half of the year. Most Japanese copper smelting companies were forced to reduce the production of metal from the global financial crisis, which caused reduced demand for copper products. Now, Mitsubishi Materials wants to return to full production. Demand, which declined by almost half, gradually restored.
What to expect?
According to some analysts, the price of copper in the near future will increase due to the return of China's shopping malls after the celebration of national holidays, as well as by the growth of stock markets and the rise of precious metals market.
Why worry?
However, in the opinion of other analysts, quotes, copper go down, the reason why is the technical picture, and easily will be strong support around 5800 dollars per tonne, giving a negative impact on the entire market of nonferrous metals.
1; user rated material at 2.
Analyst Ratings
Insurance case
More and more insurance companies deny payments to its customers in …
Lump in the throat
To get rid of the capital's real estate collateral, banks are willing to reduce its cost …
The composite index of Asian stocks rising for the first 4 sessions
U.S. indexes rose on Monday after shares of banks and on the good statistics
Stabilization of the external background contributes to the majority of Russian securities, the MICEX index adds more than 2%
Reorganization of the sector fixed-line should be a catalyst for the growth of interest in the company sector
Speculative recommendation on shares of Polyus Gold , Gazprom, Lukoil, Sberbank and VTB
Domestic investors will give in the auction on Tuesday preference shares of commodity companies and banks
At Russia's stock market is expected to continue growing at least until the opening of American sites