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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 24, 2011 20:29
ICE trades WTI. But over 90% of WTI volume is at CME/NYMEX.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 24, 2011 20:28
Gunjack, ok. I do not need to see that GS is shorting in order to short.
I shorted today on the spike because:
1) COT reports is showing extreme long speculators position which is bearish for oil price.
2) Reports are showing oil stockpiles at Cushing are through the roof.
3) Apparently Qadaffi's days are numbered and risk premium is gonna fall (something I wrote here yesterday).
So these 3 are the perfect storm for short oil.
Gunjack
London, UK
Posts: 1184
13 years ago
Feb 24, 2011 20:27
furthermore ICE does trade some WTI contracts..the 1st moth contract in WTI
Gunjack
London, UK
Posts: 1184
13 years ago
Feb 24, 2011 20:24
Putko no need to warn me...I already posted on the Gold, oil thread previously that the boys at GS were shorting CL...
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 24, 2011 20:24
This price action (CL, GC, SI, etc.) suggests market is sensing something. And this something is that most likely soon it will be confirmed Qadaffi is out of the game. Mark my words.
See ya tomorrow.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 24, 2011 20:21
Gunjack, OK.
But just Brent trades on ICE, WTI trades on NYMEX/CME.
Besides gold and silver are taking a big hit as we speak.
I warned you yesterday.
subway90
Posted Anonymously
13 years ago
Feb 24, 2011 20:19
IGGY...

i believe there are few not so smart newbies here who take catnip's words seriously... what a pity!!!
Gunjack
London, UK
Posts: 1184
13 years ago
Feb 24, 2011 20:18
ICE have hikes margins on CL...much more likely to be cause of drop in oil
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 24, 2011 20:18
But the price of oil falling from 103 to 97 is saying you are wrong.
Price of oil falls because apparently Qadaffi is losing control and his days are numbers.
Market is always right. And you are wrong.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Feb 24, 2011 20:13
I am not wrong.
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