Crude Oil (Mar 13) intraday: up turn
Crude Oil (Mar 13) intraday: up turn
Pivot: 96.80
Our preference: LONG positions above 96.8 with 98.2 & 99.6 as next targets.
Alternative scenario: The downside penetration of 96.8 will call for 96.25 & 95.4.
Comment: intraday support around 96.8
The price of oil slipped to near US$97 a barrel Friday after figures showed weak growth in China’s manufacturing sector and as investors awaited a key U.S. jobs report.
By early afternoon in Europe, benchmark West Texas Intermediate crude for March delivery was down 32 cents to US$97.17 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 45 cents US on Thursday.
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Linda Johnson,
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Heffernan Capital Management
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals. He is also an active consultant working with Corporations around the World.
He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
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What is Portfolio Management?
Managing investments in equities requires time,
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