Tetsu Emori
Tetsu Emori
arabia attack calmed last market reason successful terrorists traders
Last week, there was an attack by terrorists in Saudi Arabia and that's why the market jumped, but the Saudi authorities were successful in foiling the attack so this calmed the market a bit, prompting traders to have a reason to sell.
bring crude less market oil products supplies
Supplies of crude oil and oil products are less than normal, which will bring a much tighter market in winter.
looking main market reason sitting traders weaker
Traders are looking at weaker demand, and that's the main reason why they are just sitting in the market right now.
level low market northeast oil price though watching
Even though heating oil inventories fell, the level they are at is not as low as we had expected. The market is just watching temperatures in the northeast of the U.S. for price direction.
increase last market oil people profits seeing sharp taking
The oil market is now down because most people are taking profits after seeing a sharp increase last week.
market sentiment
The market sentiment now is much more nervous.
buy commodity complex drop entire including investors market met metals might people profit rally resistance taking
The market has met some resistance at this level. Investors are taking profit after the rally and the entire commodity complex including metals is down. It might drop to $70 and then people may come in to buy then.
fall looking market materials oil quite receiving starts weak
The market is quite weak as the U.S. starts receiving materials from abroad. I'm looking for oil to fall to $62.
ahead buy chance good people time waiting
People are just waiting for a chance to buy ahead of Christmas. At the US$58 level, it's a good time to buy back.
conversion ethanol limited problem proving supplies
The conversion is proving to be difficult. The U.S. has a problem with ethanol supplies because they are limited right now.
coming demand gulf mexico mostly operations rise since situation traders understand
Traders need to understand that the supply-demand situation is much tighter in fact, especially since U.S. Gulf of Mexico operations are still mostly down. Demand is still strong, and can only rise in coming months.
appears concerned iranian situation traders
Traders are most concerned about the Iranian issue, as the situation appears to be getting worse.
iranian looking nigerian sell traders
Traders are looking at the Nigerian and Iranian issues. They don't like to sell at present.
colder expected prices quite rebound winter
If winter is colder than expected then prices could rebound quite sharply.