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VIX, Oil, BRICS & Sterling's Sell-Appeal
BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
You're my oldest trading partner - WHY would I ever doubt you? :) My fault. I should've realised that you were talking about the Dec contract - I was talking about the Nov contract. See! This market has made two partners - you & me - fight! This is what Goldman Sachs can do!
I hope you recover w/ the Yen. This is why I always diversify. Like I'm currently taking a hit in oil but MORE than covered that w/ a rise in the Nikkei. To be honest, Nikkei has saved me on MORE than five occasions. It is a VERY good risk management tool... :p
Asad
I have alot of sell OIl Postion who can tell me where is the stronger restince
and expect for down or any thing clear for anyboody here
Asad , 12.09 -december- is a cfd based on futures contract with scadence in december and the quotes are provide from ICE London .What ? The price was too high ? high level today was 78.41-bid.Do you smell some trick from me ? i wouldn"t lye ...i haven"t any motive to lye ...i"m already very tired and angry with jpy...or some trick from my dealing desk broker ?
What...?
Asad , i played today on wti 12.09.
WTI's highest for the day is 77.97 - it hasn't yet breached 78. What market are you trading on? :)
Oil, technically, looks strong...but am not really sure it is the same on the fundamental side...
Asad
Asad ,
P.S.
Don" forget the black spawn
Hi Asad ,
I was short on wti in 77.52 , i do not close in 77.12 (greedy) and i closed in 77.42.Now i"m short in 78.11 and if do not goes down i"ll closed today ...was just a litlle play..i have enough problems with jpy..
Basiclly i agreed with you ( on fundamentals ) but don"t forget GS and the rest of the gang and eur/usd .I think there is minimum 60% chances to goes up this month , to 80-80 plus...and then goes down..anyway , will see , i don"t pretend i"m 100% wright .And i do not belive too is posiblle this month BIG sell of, euphoria looks much stong .
Goodluck
I can't see a Equities sell off - rather the opposite at this stage.
Earnings look good, economic indicators are improving - though slowly.
small corrections may happen though - 2 to 3 % which we have had in the past 6 months - but when will a 2-3% correction change into a 10 - 15% sell off - is anybodys guess. I am not going to even dream of trying to time that - will keep playing with the trend at this stage - specially on clean breakouts
Good luck
Vik
I agree w/ you. USD is a bargain this day, and any days it falls further, of the year! If I was trading currencies...I would do the same what I do w/ oil - get on the wave full throttle (long in this case). The fact that equities are facing a sell-off further adds to this.
Vik, I figured out this morning that capital was changing commodities - gold to oil (& USD was momentarily strong this morning). Another sign that USD is about to rebound.
Pipster, trust your gut. Oil MAY be on its way to 80+...but when USD starts to gain strength, equities sell off, then oil will be coming down. If you can hold onto your position for a few days, why not?
Asad