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by Ashraf Laidi
Posted: Aug 22, 2009 3:37
Comments: 852
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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.
 
 
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raulin
london, UK
Posts: 65
15 years ago
Aug 22, 2009 13:07
Great analysis as usual. I 100% share your views about this oil fuelled rally based on poor inventories and highlighted it earlier in ,for me the skeleton in the closet is european banks which have never been tested, and of course rising unemployment. Until market sees increasing comsumer demand there is a limit to these oil and equity rallies, but there is a climate of optimism which although based on dubious funadamentals should not be ignored and it is possible we see DOW AT 10,000 again this year.Have a great vacation!
emad_must
gaza, Palestine
Posts: 20
15 years ago
Aug 22, 2009 12:39
i have qustion mr ashraf
the oil now is 74 it may be up or down or Can i sell the oil next week?
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