Tags » WTI
Gasoil firms up to $925/mt while BOGO retreats a bit to +$32 and POGO firms up to -$94/mt. FAME premium in Europe strengthen to +$230/mt across the board despite run-up in gasoil however RME premium to FAME goes negative $3-$3.5/mt. Brent/WTI continue narrowing at $4.65/bbl with Euro @ 1.3836
Gasoil remains firm @ $918/mt but BOGO rises a bit as soyoil finds support at +$22 while POGO remains stuck at -$100/mt all the way to Sep as both palm and gasoil backwarded through end of year. FAME premium in EU unchanged at +$225 while RME remains at a $5-10/mt premium down the curve. Brent/WTI spread falls to $4.93/bbl with a firm Euro at 1.3810
( 50% in progress, 50% spiked out - $2) week16 WTI 2 day shooting star @ mega fib6 , early play for potential wr2b double top
plotted key levels on monthly chart. Main level will be mega fib6.
On daily, 2 days of shooting star/doji can be seen against the mega fib6. 301 more words