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Wednesday 12th of November Market Report

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Wednesday 12th of November 2014 as of 12:00 CET

Crude oil traded below 77 USD per barrel yesterday and looks to be on the way to test key support at 75 level. Brent oil is below 82 and 80 is a very big level for many producers, meaning a price level below 80 in Brent their production is no longer profitable.

S&P 500 futures tested 2037 level yesterday and we need to see a daily close above 2050 level to open for a larger up move. Until we see a daily close below the pervious days low, there is more potential upside.

Euro is looking weak below the 1,2550 level, but given the Feds indication last week 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 mixed with Hong Kong Hang Seng Index up 0,55%, Australia’s S&P/ASX 200 down 0,98% and Nikkei 225 up 0,43%.

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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.