Sanctions Tankers A chunk of the vast fleet of tankers that Russia uses to deliver its crude oil is grinding to a halt under the weight of US sanctions. About half of the 50 tankers that the US Treasury began sanctioning on Oct. 10 have failed to load cargoes since they were listed, according to a tally by Bloomberg.Inflation in Focus The...
Read MoreGold Technical AnalysisSHORT Case• Gold has resumed it’s fall as expected in our last report. $2060 was a good sell area, as well as $2040.• We’re looking to see how price will react around the $2000 level.LONG Case• Medium term we are bullish on gold, although gold could be heading towards $2000-$1950s for the near term.• We remain on the lookout...
Read MoreSHORT CaseWe would use short term sell positions to protect longer term buy positions here onwards, unless we see oil breach $72 level, which at the moment seems unlikely as we saw oil break confidently above $80s last week.LONG CaseWe are looking for buy opportunities on Brent crude Oil, observing crude oil around $75—$78 for signs for upward move...
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