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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
I shorted today on the spike because:
1) COT reports is showing extreme long speculators position which is bearish for oil price.
2) Reports are showing oil stockpiles at Cushing are through the roof.
3) Apparently Qadaffi's days are numbered and risk premium is gonna fall (something I wrote here yesterday).
So these 3 are the perfect storm for short oil.
See ya tomorrow.
But just Brent trades on ICE, WTI trades on NYMEX/CME.
Besides gold and silver are taking a big hit as we speak.
I warned you yesterday.
i believe there are few not so smart newbies here who take catnip's words seriously... what a pity!!!
Price of oil falls because apparently Qadaffi is losing control and his days are numbers.
Market is always right. And you are wrong.