| Your Research Library
online! CONSENSUS is one of the largest online resources of in-depth research
for trading the markets. CONSENSUS is The Investment Newspaper used daily
by stock and futures traders
can now access FREE an
article daily from the continuously updated
CONSENSUS National Futures and Financial ONLINE newspaper.
CONSENSUS National Futures and Financial Weekly
has been serving its customers for 39 years with the latest, most up-to-date
news and analysis in the stock and futures marketplace. We continue to
serve our readers today with market letters, special reports, fundamental
and technical buy/sell advice and all the latest information from more
than 100 top national and international contributors from major stock and
commodity firms, independent advisory services and government agencies.
A typical issue contains 225+ articles and
120+ charts, graphs and tables. CONSENSUS covers all stock, financial,
currencies, metals and petroleum, grains and oilseeds, food and fibers
markets and more!
Please check the list of our contributors
for your favorite writers. Contact information is available in our Directory
Each issue includes the CONSENSUS
Bullish Sentiment Index Of Market Opinion, the CONSENSUS
Report of Commitments of Traders, Daily Price
Charts, and economic reports from U.S. Department of Agriculture,
Commerce, Labor and others.
We welcome market letters, special reports,
articles, statistics and research studies for possible publication, from
brokers, analysts and individuals. All material will be carefully considered
(though we cannot assume responsibility therefor). Call 816-373-3700 or
800-383-1441. Material should be sent to CONSENSUS, Inc., P.O. Box 520526,
Independence, Missouri 64052-0526.
| Chicago, Illinois
| 888 264 5655 (Direct)
264 4399 (Fax)
by Phil Flynn
(November 25, 2014) A Cut Above
While it appears that OPEC indeed is going to get a deal on a production
cut already the markets are questioning whether it is going to be enough.
The talk is that OPEC as a cartel is going to cut production by 1 million
barrels a day at their meeting November 27th. Non-OPEC producer Russia, in
order to get the Saudiís to agree to a cut pledged to cut production by about
300,000 barrels per day. One would expect that if Russia agrees to cut then
Non-OPEC Members, Mexico and Norway, may cut maybe 100, 000 barrels or so
brining the estimated production cut to around 1.5 million barrels per day.
Not a bad effort but in a world where we are producing roughly 2 million
more barrels a day then we are consuming, oil producerís better hope that
demand improves quickly or they better start working on its next production
cut. And it had better be a cut above the current overproduction level.
Still a cut of around 1.5 million barrels might give the market some pause
before working lower. That size of a cut should put in a floor of $70 a barrel
basis West Texas Intermediate for at least for a while. Whether it will hold
over in the long run would then depend on the demand response from European
and Chinaís economy. With China recently pumping in billions of dollars to
pump up its economy and Mario Draghi hinting that they will be getting ready
to do more it is possible that we could see an uptick in demand. On top of
that winter is still ahead of us and that also could help narrow the spread
between overproduction and demand.
What is clear is that Saudi Arabia is still the strongest hand in the cartel?
While they have worked with the cartel to try to stop the freefall in price,
it is clear they have no intention of trying to get the price to turn around.
They still want to keep the pressure on the U.S. shale producer and try to
discourage the surge in production.
There are three countries that wonít have to cut according to reports and
they are Iraq, Iran and Libya. The reason is that these countries, because
of conflicts and sanctions, have been unable to pump their quota and they
are being allowed to make up for lost time. When they failed to hit their
quota other OPEC and Non-OPEC members filled the void. Now it is payback
For Heating oil and gas the focus will turn to the Energy Information Administration
(EIA) Supply report that will be realeased tomorrow! We should see good demand
for distillate fuels as cold temperatures dominated trade. For gasoline it
could go either way! In some areas without snow demand should be good due
to low prices. In the areas with snow not so much.
Natural gas is looking ahead to warmer temperatures in the first part of
December. Extreme volatility has engulfed the complex and the market is trying
to balance the current ridiculous winter conditions with the promise that
some relief might be on the way. Private forecasters are looking for temperatures
to go from below normal to above normal around December 5th. After that it
is hard to tell with some staying with warmer but others saying it could
be colder. In the meantime, natural gas traders better buckle up as it is
going to be a wild ride. Supply is currently 6.4% below the five year average.
The EIA storage report will be released tomorrow and we are looking for a
Price Links Video series gives insight across the financial spectrum.
You can also get updates if you follow me on Twitter@energyphilflynn and
you can also join me on Face Facebook. If you have any questions or if you
want to get my wildly popular trade levels call me at (888-264-5665) or Email
Pflynn@pricegroup.com. If you want to start trading apply by hitting
this link https://newaccount.admis.com/?office=269.
November 25, 2014
Free Trial! Free
Ag Financial Strategies
Ag Watch Market Advisors
Asset Management Research Corp.
Back Bay Futures
Bank of Toyko-Mitsubishi UFJ
BGC Partners, Inc.
BMO Financial Group
Bordier & CIE
Capital Commodity Investments Inc.
Commodity & Derivative Advisors, LLC
Commodity Futures Forecast
Commonwealth Bank of Australia
Conference Board (The)
Diapason Commodities Management
DNB Bank ASA
Dohmen Capital Research Inc.
EFG Group, LLC
Euro Pacific Capital, Inc.
Euro Pacific Precious Metals LLC
Federal Reserve Banks
Federal Reserve Board
Friedberg Mercantile Group, Ltd.
Gann Global Financial
Halco Trading Strategies
Hoisington Investment Mgmt. Co.
Informa Global Markets
INSIIDE Track Trading
Institute for Supply Mgmt.
Ira Epstein Division of The Linn Group, Inc.
Jim Wyckoff On The Markets
MCTS Trading Corp.
Michigan State University
Musings From The Oil Patch
Navigator Money Mgmt., Inc.
New Traders Of America
Northern Trust Co., The
Pacific Investment Mgmt.
Pento Portfolio Strategies
Peter Eliades' Stockmarket Cycles
Price Futures Group
Pring Turner Capital Group
Queensland Commodity Services
Random Walk S.L.
Raymond James Financial, Inc.
RCM Asset Management
Redbook Research, Inc.
Riverfront Investment Group
Rockwell Global Capital
Schaeffer's Investment Research
Sovereign Asset Mgmt.
Todd Market Forecast
U.S. Dept. of Agriculture
U.S. Dept. of Commerce
U.S. Dept. of Energy
U.S. Dept. of Labor
University of Illinois
University of Missouri-Columbia
University of Tennessee
Walsh Trading, Inc.
Wells Capital Management
Windy City Trader (The)
World Gold Council