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by Ashraf Laidi
Posted: Nov 19, 2009 21:57
Comments: 315
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This thread was started in response to the Article:

Oil Weakness May Intensify

Oil sluggishness may risk turning into a faster selloff, especially as the fuel fails to gain on recent USD losses.
 
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asad
London, UK
Posted Anonymously
14 years ago
Dec 18, 2009 0:17
Ashraf,

I agree wholeheartedly w/ the last poster - indeed, you have the patience of a Saint!

So many individuals have become members of this Forum, either...

...to learn through your knowledge & experience, or

...share their trading ideas w/ each others, or

...contribute their analyses & insights...

...YET you have the patience to bear some disruptive elements on this Forum...who only brag about their money & experience (by virtue of which they remain currently unemployable)...visit the Forum once every fortnight (for none of the above three reasons, except the fourth - pick on their fellow members)...& who seem not to have an iota of self-respect (sticking like lice even when ignored).

What's the value of such members to the Forum? Yet you have the patience of a Saint!

Don't such people remind you of some similar elements this Forum had? :) These new elements certainly make those previous elements look like Saints! If anything, at least they gave good trading ideas & analyses, but this...??


Asad
Hedgie
Scunthorpe, UK
Posts: 16
14 years ago
Dec 17, 2009 19:53
Ashraf you must have the patience of a saint...some folks on here (e.g Asad, not that i'm naming any names) don't seem to understand the fundamentals of futures contracts and how they trade...Hats off to you sir!!!
radu
bucharest, Romania
Posts: 203
14 years ago
Dec 17, 2009 18:35



Thanks Ashraf ,


I start to feel i"m succeeding to pull the vail a little and to see to the other side...
Much apreciated for your work and for your answers .
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 17, 2009 17:33
radu, WM, end of year correlations tend to fade. oil seen capped at 75. Still expect gold tohit 1070.

Ashraf
WM
Canada
Posted Anonymously
14 years ago
Dec 17, 2009 16:09
Ashraf,

Crude Oil does seem to be holding up well with this $US strength.
If the $US dollar does pull back again, would you anticipate another substantial rise in Crude?
Looking at the $75 level again as resistance?

Thanks.
radu
bucharest, Romania
Posts: 203
14 years ago
Dec 17, 2009 15:35



Hi Ashraf ,


Oil price is in usd and usd is going up strong , so , shouldn"t be normal for oil to goes down ?a little bit stronger ?

Thanks again
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 16, 2009 16:37
No Asad, It is the Brent that is usually HIGHER than WTI and not the other way round. The few times when brent was below WTIC was brief and abnormal ( i think it was earlier this year).

Ashraf
asad
London, UK
Posted Anonymously
14 years ago
Dec 16, 2009 14:04
Ashraf,

I do understand the usual price variance; however, it has always been in WTI's favor! Besides, we continue to see a $2 difference - contango - b/w the Jan & Feb contracts. Why, & how, could these two abnormals be happening at the same time?

What Hedgie wrote is pretty fundamental, albeit it has held true on occasions in the past. This time, I believe, is a bit different. I don't know. One reason could be the upcoming Chinese NY. I don't know...


Asad
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 16, 2009 7:39
The $2-3 spread between crude and brent is normal.

Ashraf
Hedgie
Scunthorpe, UK
Posts: 16
14 years ago
Dec 15, 2009 19:24
Asad My point exactly anyone with an internet connection could have got that information easily...So WHY are you asking it on here???
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