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by Ashraf Laidi
Posted: Aug 13, 2009 16:38
Comments: 200
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This thread was started in response to the Article:

Unsustainable Appetite in FX, Equities & Oil

We're witnessing more signs of peaking appetite, this time inside the individual Forex pairs, as well as more failure in oil and Chinese stocks
 
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Moe
Sharjah, United Arab Emirates
Posts: 50
15 years ago
Aug 19, 2009 19:16
Ashraf

Curently, the October contract crude is hovering arround the 74 levels..
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 19, 2009 19:13
Gun, Yes, rumblings out there (large IMMy euro buy order - NOT confirmed) aorund 1.4240s. we must see if we close above 1.4240s.

Moe, not sure if oil will get to 74 for you to short it there.


Ashraf
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 19, 2009 19:13
Hey, MOE
haha....you are from the country which is produce the most oil in this world.....hahah...but you want to short oil.....is that a joke???

if you want to short the oil.....maybe I will join you.....
Moe
Sharjah, United Arab Emirates
Posts: 50
15 years ago
Aug 19, 2009 19:09
Hi Ashraf,
Need your advice of shorting Oct Crude at 74 for the short run

Thanks
radu
bucharest, Romania
Posts: 203
15 years ago
Aug 19, 2009 16:37


And Gunjack ,

About oil"s price is just my opinion... i am not Mr. Laidi...you saw how bad i play yseterday...but in the the market oil"s are ALL the big sharks ... so , is very hard to predict it because the price do not respect what is the reality ... just the big sharks fight with other big sharks
Gunjack
London, UK
Posts: 1184
15 years ago
Aug 19, 2009 16:32
@Radu any move higher than 73.5 on NYMEX will be a big BUY sign...but who knows, by tmrw the price could collapse a few percent...best to play oil intra day IMHO if u have the time
radu
bucharest, Romania
Posts: 203
15 years ago
Aug 19, 2009 16:28



Eeiyy Asad ,

Hy man , how are you ? Are you ok ? What you do ?

Good luck
radu
Romania
Posted Anonymously
15 years ago
Aug 19, 2009 16:25
Hey Gunjack ,

Thanks , I closed all my positions ( for few days ) and now i am just looking to this crazy oil market...
It was a pretty unexpected news for me ( crude inventories ) , i mean i do not expect a biig fall lake this ...
For the moment oil"s positions looks very risky ,very volatile ...
I think is posiblle for few days the price growth up 1-3 bucks with some zig-zag ...and then i don"t know...this days are pretty important news and next monday is consumer cofidence .

All my best
Gunjack
London, UK
Posts: 1184
15 years ago
Aug 19, 2009 16:12
supposedly talk of a large soverign buyer blew the EUR to 1.425
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 19, 2009 16:10
I went short oil Oct contract at 72.45 with stop at 73.00 The overall sentiment is risk aversion and I think that will bring down oil to 68 with the help of strong $.
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