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by Ashraf Laidi
Posted: Nov 19, 2009 21:57
Comments: 315
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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
Nov 24, 2009 16:47
Abood,

ONLY one way for oil - down! 75.75 at the moment. Hope you guys had your shorts in place... ;)


Asad
Abood26
Damascus, Syria
Posted Anonymously
15 years ago
Nov 24, 2009 13:24
Hello My friend
where you see OIL for today?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Nov 24, 2009 10:31
Koka, yes indeed. Gold is at its highest level relative to EURUSD since February, which was the an all time high in the ratio.

Pop, tumbling yields and soaring equities very much a sign of liquidity gone wild.

Ashraf
Pop the Bubble
Posted Anonymously
15 years ago
Nov 24, 2009 2:22
Interesting thoughts; I think you are right about reasons underlying the continuing equity rally - it is still very much liquidity driven, more than by anything else. Meredith Whitney seems to be quite bearish, as well. What do you think of the ultra-low short term T-bill yields lately - possible warning of imminent turbulence perhaps?

Also, your EUR/oil chart points to a possible triple top in oil. Let's see what happens there.
Koka
Tbilisi, Georgia
Posts: 5
15 years ago
Nov 20, 2009 9:23
Hello Ashraf,

It would be interesting also to see a gold/EURUSD chart. As EUR can't go past 1.50, while gold seems to hold on to its gains well. I have never seen gold/EURUSD, but I would even say that to watch gold/EURUSD would be more interesting than oil/EURUSD.

Koka
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