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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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said
mulhouse, France
Posts: 2822
13 years ago
Dec 6, 2010 12:00
if 88.60 broken then expect 87.90 as support to enter long position on CL
for more cautious one if from 11am to 11:04 am we have a 3 3 5 then top for intraday is 88.90 89.20 good entry to short oil
uptrend intact
said
mulhouse, France
Posts: 2822
13 years ago
Dec 5, 2010 14:35
phi lambda
said
mulhouse, France
Posts: 2822
13 years ago
Dec 5, 2010 14:30
carbone datation
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Dec 4, 2010 20:47
la nina is the child of el nino but its full opposite.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Dec 4, 2010 20:45
Us meteorologists , and only recently backed by Russians and Chinese predicted an extreme
cold winter northern hemisphere. The reason is anomalies of pacific and atlantic circulations
la nina ( pacific) with unusally cold surface water and the inner gulf of mexico loop slows.
Btw this proves the theory of global warming wrong melting of arctic and antarctic ice is local
warming not global. It falls more under chaos theory.
Anyway there is less probability for oil to go down than to go up.
However the biggest effect is on soft commodities. Poor harvests can be expected for wheat corn
rice , and to some extend for cotton.
DaveO
UK
Posted Anonymously
13 years ago
Dec 4, 2010 16:21
Thanks for the tip Chloe, I will take a look at that.

Trend for CL is very definitely up but we have 50% ret of the 08 high to 09 low at 90.05 for monday ? The 61.8% ret comes in at 103.45. The 127.2% ext ret of last swing down on daily is at 90.96 or the 161.8% at 93.93. We have a volume HVN between those two levels to provide a high probability cluster of resistance. A few levels to watch

I just took a peek at seasonal trends and not very conclusive for the month of December. Winter demand for heating oil only one ingredient.

2000 down
2001 flat to down
2002 up
2003 up
2004 down
2005 up
2006 flat to down
2007 up
2008 down
2009 flat to up
said
France
Posted Anonymously
13 years ago
Dec 4, 2010 14:09
gunjack
asad forum
oil at 80 not possible
first quarter 211 oil at 103
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Dec 4, 2010 14:06
i know were currancy traders but i thought i would point out a potential stock trade*canadian oil sands*(cos.un) pays a huge dividend,which was just paid out so no rush to get in @ the moment but it got hammered on fri an gapped down to 25buk from thurs close @ 28.50 (+10% haircut).but 24.50 seams like a long term support so i steped in a bought a block as my hedge for usdcad,only concern for me is if oil tanks then it could get hammed by the shorts(but its downside could be limited with fri drop) but if oil contuinues up then it will bounce back an shrug off its 2011 budget cut backs which i think was the reason for the shorts to punish it..any ways ive been watchn it for awhile now an its moved up over 3+ buks in last couple mths so it could be a good trade plus that dividend is really sweet..ok guys gl:)
Gunjack
London, UK
Posts: 1184
13 years ago
Dec 4, 2010 13:06
@Said - I agree lots of momentum in CL, but the bears will not let it go up in a straight line and if u do want to be long, maybe best to wait for a pullback and then go long
Gunjack
London, UK
Posts: 1184
13 years ago
Dec 4, 2010 13:05
@Asad - Ashraf himself has now turned bullish on crude from his twitter feed...personally I think there will be an opportunity to short CL around 90 buks, but at the moment it hasn't ticked all boxes for me, as fri mkt action demonstrated.
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