Mortgage Applications and Commodity Intraday Tips

Information about Mortgage Applications and Commodity Intraday Tips

Published on May 12, 2014

Author: speak2earth

Source: authorstream.com

Content

PowerPoint Presentation: M o r tg a g e Appl i cat i o ns a nd Co mm o d ity I nt r a d a y T ips Crud e Oil Com m od i ty I n t ra d ay T ra d es hi g h er r u n - ra t e f o r gasol i n e ma k es t h e case f o r i n c reas i n g refi nery r uns a h e a d of t h e s tart o f ac t ual d em a nd p er i od in t h e US. S ummer drivi n g seas o n w hi c h offi c ially w ou l d b e k i c k-st ar t ed o n 2 6 th Ma y alon g w i t h t h e Memori al D ay hol i d ay mar k s h ealt h y deman d p er i od fo r ga s oli n e c omm o di t y in th e U S . C r u d e oil p ri c e, p a r tic ula r ly t h e I C E B rent a d d ed 0.3 % t o t r a d e n e a r th e $ 1 0 8.2 5 p er b arre l level trac k i n g f resh d eve l op m e n t s i n U k rai n e. In i tial n um bers sho we d , p ro -Russian g roups v o ted i n f avor o f secession i n Eas tern U k rai n e h o w ever th e s a me w as c all e d illegal b y t h e w es t. B roa d e r c u es fo r t h e W T I st ay pos i tive b ac k ed b y a n tic i p a tion t h at d em a nd w ou l d c o me in n ext few w ee k s mean w hile it is li kely to g e t a d d i tio n al s u p p o rt from B rent prices. W e m ai nta i n o u r b ullish s ce n ario f o r t h e c omm o di t y a n d re c o mmen d b uy i n g t h e same on decl i n es t od a y Glo b al Mar k et A naly s is Asian mar k e ts are tra d i n g mix e d this mo r n i n g w hile t h e c u rr e n c ies are tr a di n g w eak agai n st t h e USD. F rom t h e glo b al f r o n t t h ough t h e r e has b e e n no m a jo r d e v el o p m e n ts b u t t he risi n g USD i nd ex to n ear 8 0 mar k s has pull e d e u ro a n d p o u nd lower a nd t ra d i n g a t $ 1 . 3 7 5 6 a nd $ 1 .68 5 1 res p ectively. Comi n g t o c r ud e oil, w e bel ieve WT I gra d e oil may rema i n i m pulsive w hile B r e n t may r ema i n elevat e d du e t o heig ht e n ed U k rai n e t e nsio n . F o r t h e d ay, oil is exp e c t e d to r emain si dewa y s a n d w e d o n o t i n t e nd t o su ggest a n y st r on g c a l l in t h e u n derlyi n g unl e ss it c lea rs t h e s tro ng sup p o rt o r r e sist a n ce le v els Na t u ral Gas As p e r im p o r ta n t u p d a tes f r o m t h e C ommod i ty In tr a d ay view, w ee k ly sto c k s fo r th e c ommodi t y i n c reas e d by 74 B CF, i t s seco n d s t o c k s a d di t i on re p o rt a n d st o od hig h er th a n exp ect e d w hile p ush i n g p rices lower. Th e US E I A d a ta s ho w ed i n crease in sto c k s w as hi g h e r th a n mar ke ts fo re c asts of a rise near 70 B CF w hile m a n ag e d to st ay i n - li n e w i t h t he f iv e- ye a r w ee k ly average a d di t i o n s duri n g this time o f t h e year. D eman d f o r t h e co mmodi t y s tays m u t ed dur i n g this p art o f t he y ear as n o rmal t emp e rat u res fo r larger p art o f t h e c o u n try d uri n g s p ri n g season le a ds to w a r ds l o w er h eat i n g o r c ool i n g dema n d. We are h ol d i n g w i t h ou r s elli n g bias in th e c o m m od i ty. Tra d e rs c an also lo o k i n to C r u de / NG r a tio w h e r ein th ey c an lo o k i n to b uy i ng th e ra t i o o n di p s i n i n t r a d ay t r a d e Co mm o dity I nt r a d a y T i p s Na t u ral Gas M c x May S e l l at 2 7 3 sl 2 77 T gt 2 6 8- 2 6 5 Me n tha Oil Mc x May Buy at 8 71 sl 8 6 0 T g t 8 8 6 - 8 96

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