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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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chloethebull
Canada
Posted Anonymously
14 years ago
Jan 9, 2010 21:33
hi said,are your saying we will see a high of 1.0615 in coming days or weeks before we trend down to parity an beyond...if so i agree. i;ve always thought we will trend down but in controled manner,making lower low an lower highs,thats why im disaapointed i never shorted @ 1.0740 an i agree with that target of 1.0600 possible 1.0650..i found that it tends to over shoot more to the downside than upside i thought 1.0400 was strong support but knew it could reach 1.0350 but since seeing 1.0300 i reavaluated my exit to 1.0650 hopfully im correct but over the last 4-5mths i,ve been pretty close with my exit points.. i would love to see the top range hang onto 1.0700-50 but i think it might be a bit high .one thing the fed doesn;t want is the forex guys getting too much momentum in either direction..an i think the fed is doin a good job in keeping the crazy swing to a minimal..what do you think of what i said lol..thanks
said
France
Posted Anonymously
14 years ago
Jan 9, 2010 20:20
chloe
how can the Teck keep in place; JSUT KIDDING CHLOE BUT WITHOUT INTEROGATION POINT.

dow next target for medium term is eleven hundred
oil is 93 94
us treasury might go higher ( with ashraf we talked about certain level few weeks ago).
on elliot wave counting i just begin the 17th of dec till the 29 of dec that give the first wave or my first; or begins the 17th at 1.0742 and ends at 1.063 the 18th of dec. in that second case ur objective of 1.0615 will be reached within days or weeks. that is the level of the down line from the 18august. if ur scenario of 1.0615 reveals right then i am sure we go to parity and beyond
adding / before 1.06 might be reached heer are levels thati think of:
1.0427
1.0521
excuse but english is not my mother tongue so if u dont understand tellme
chloethebull
Canada
Posted Anonymously
14 years ago
Jan 9, 2010 19:49
also said, do you think there is a real concern for canadas recovery being under minded by the strong loonie,or is that noise .thanks
chloethebull
Canada
Posted Anonymously
14 years ago
Jan 9, 2010 19:45
hi said,i saw your post on parity,an what ashraf had said about having oil close above ma for the week,so i understood that but i thought with the data that came out this week we wouldn;t get the close above the weekly ma an crude would pull back to 80 bucks..there for i thought usdcad would trend up but by 5pm fri we settled @ 1.0300...so my question to you is what has greater affect fundalmental or tech analyses on the markets?i woulda thought if the fundalmentals ain;t there how can the tech keep in place..thanks for your time
said
mulhouse, France
Posts: 2822
14 years ago
Jan 9, 2010 19:20
LOL CHLOE

JUST THAT I POSTED SEVERAL TIME LAST WEEK ON THE FORUM AND TO U AND ASHRAF MY THOUGH ON THE PARITY ON USDCAD BUT NEVER GET ANY ANSWERS. SO NO REPLY SOCGEN
ANYWAY AND INDEED THEREAFTER.
chloethebull
Canada
Posted Anonymously
14 years ago
Jan 9, 2010 18:57
srry said, i didn;t see your response but yes you did an thanks i think pl like you an others on this forum have soo much to offer to newbies an it takes pressure off ashraf to reply back to all the newbies questions..i hate posting so much but i always been taught the only stupid question inthe 1 not asked..keep it up an thanks
said
mulhouse, France
Posts: 2822
14 years ago
Jan 9, 2010 18:53
chloe
no problem
lol
said
mulhouse, France
Posts: 2822
14 years ago
Jan 9, 2010 18:51
chloe
i answered in good manners so please if u refer to me i let u be a positive internet buddiza.
by the way we all PEEL potatoes for ur dominion
chloethebull
Canada
Posted Anonymously
14 years ago
Jan 9, 2010 18:47
hey raulin,its great to have you reply back to me in a constructive matter its greatly appreciated,i think ashraf been waiting along time to have his forum member engage in positive dialect..instead of the usual fighting..keep it up an again thanks
said
mulhouse, France
Posts: 2822
14 years ago
Jan 9, 2010 18:38
raulin, ashraf , chloe

oil at this level could be explained by the fact that hedges fund and money managers are betting where they can get a return on investment and actually with the range bound trading we had in djia they have to look at alternatives investment to make this money fruitfull, plus we had since the last two weeks a trading range in us treasury from 3.79 rto 3.88. once we break the level we can expect more oil upside as stated ashraf and hewison (from ino.com).
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