Tetsu Emori
Tetsu Emori
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.
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.
against compared drives gasoline last limited period problem production quite situation
The production of gasoline in the U.S. is quite limited compared against the same period last year. And the refinery bottleneck situation is still a problem that drives the market.
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.
balance china crude demand effect greater growth oil pace
The pace of demand growth in China is something we are all watching, because it will have a greater effect on crude oil demand-supply balance at some stage.
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.
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.
looking medium rather rush short term traders watching
We're all watching the temperatures now, if they go down, there'll be a rush to buy. But most traders are just looking at the short term rather than the medium or long term.
amount fund huge money oil pension prices pushed
This is a huge amount of money in the commodities market. Oil prices would be pushed up by this kind of pension fund money.
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.
crude economic economy expect growth high looking next oil people prices seems short steady stocks
The economy seems to have completely absorbed high oil prices and people will be looking for steady economic growth next year. People expect a drawdown in crude oil stocks so they don't want to be short over the New Year.