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Tuesday 2nd of December Market Report

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Tuesday 2nd of December 2014 as of 12:00 CET

Crude is trading below 69 this morning and we have seen a big adjustment of the outlook for oil and oil related stocks last week. There will be big implications for many producers, because a price level below 80 USD in Brent oil over a several months period means their production is no longer profitable. Russia needs 110 USD per barrel to balance their budget.

S&P 500 futures failed at 2070 last week and it will be interesting to see if we can get a daily close below 2050 now. That would be a warning signal for the bulls.

Euro is looking weak below the 1,2550 level, but given the Feds indication recent weeks of low rates for an extended period, the bigger slide below 1,20 that we were looking for might be delayed a bit.

Silver looks like an interesting long towards 15 level for a potential rebound towards 18,50 level.

Gold is weak below 1230 USD. Big support is 1080 level.

Asian markets closed higher with Hong Kong Hang Seng Index up 1,23%, Australia’s S&P/ASX 200 up 1,41% and Nikkei 225 up 0,42%.

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Risk Warning:  

Any information in this report is based on data considered to be reliable, but no representations or guarantees are made by KBR Capital Partners AS with regard to the accuracy of the data. This information is provided on condition that we accept no responsibility, legal or other for its contents. We, including our directors, officers, employees or publishers, disclaim all liabilities. Any statement constitutes only current opinions, which are subject to change. Neither the information nor any opinion expressed shall be construed to be, or constitute an offer to sell or a solicitation of an offer to buy any investments mentioned herein. Prices can go down as well as up. There is a significant risk involved in derivatives trading, including the risk of loss greater than the original investment. Past performance is no guarantee of future results. Conditions can vary from client to client, and therefore influence performance. The opportunity for profit creates a corresponding risk of loss. Anyone wishing to invest in any of the products mentioned should seek their own financial or professional advice.