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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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asad
London, UK
Posted Anonymously
15 years ago
Dec 15, 2009 14:26
Frankly, ANYONE can read this off the FT (or simply Google it) & post it here. I could've done this & answered myself. But this is not the reason. Sorry!


Asad
Hedgie
Scunthorpe, UK
Posts: 16
15 years ago
Dec 15, 2009 11:49
I can't believe this. The "George Soros" of this forum doesn't understand the basics of the crude market. Honestly I don't know whether to laugh or tell you to stop trading until you learn the fundamentals...The huge oil inventories at cushing and weak demand in the Atlantic basin has driven down the price of WTI and created the WTI-Brent discount. I understand this and I never ever traded oil....
asad
London, UK
Posted Anonymously
15 years ago
Dec 14, 2009 11:18
Ashraf,

How come there's a ~$2.5 difference b/w crude and brent, and the latter trading higher (as opposed to the opposite)?


Asad
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Dec 13, 2009 8:52
see the white trend line support from the oil chart below
http://bit.ly/3eJEdf

it broke.

Ashraf
14raj
Kolkata, India
Posts: 210
15 years ago
Dec 12, 2009 12:57
Yup Asad, I didnt get my price....lets wait for Monday...
asad
London, UK
Posted Anonymously
15 years ago
Dec 12, 2009 7:34
Forum,

...and so oil reaches it's logical weekend-end! :) Another successful trading week comes to an end. I know some other guys had shorts - Raj (you didn't get your 69?), Karan and another guy from S'pore.

Interesting what happens next week...


Asad
14raj
Kolkata, India
Posts: 210
15 years ago
Dec 10, 2009 15:25
Thanks Asad for support.
asad
London, UK
Posted Anonymously
15 years ago
Dec 10, 2009 13:37
Raj,

My remaining oil shorts are also meant to close around yours - 69.50. Let's see (we might see it tomorrow - traders luuuurvvv playing games at the w/end). I closed majority at 72.70...


Asad
asad
London, UK
Posted Anonymously
15 years ago
Dec 10, 2009 13:35
Fastpips,

Thanks! While we can attribute the weakness in oil to a strong USD, fundamentals are also playing their part. Finally, 'they' are realising that the economies are STILL in a recession...and that there's a strong demand/supply imbalance, favoring supply...


Asad
fastpips
Canada
Posted Anonymously
15 years ago
Dec 10, 2009 5:35
Congrats Asad, I am glad you are doing good. I hope the rest are doing fine as well. All who come to this forum should make a good use of Ashraf's unmatched analysis. Good Luck
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