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Posts by "asad"

793 Posts by Anonymous "asad":
asad
London, UK
Posted Anonymously
15 years ago
Sep 9, 2009 0:30
Ashraf,

LOVE you for this... *LOL*

"Qin, you like to show your face when nokkie is up and USD is down. but we hardly hear you when shanghai drives everyone away."

Sorry, but am I the only one who's finding this funny?
asad
London, UK
Posted Anonymously
15 years ago
Sep 9, 2009 0:27
Moe,

Is it a time to play Cowboy Short? ;)
asad
London, UK
Posted Anonymously
15 years ago
Sep 9, 2009 0:22
Said,

Vitol and Glencore and two of the world's largest specialist commodity house, with great buying power (they are market makers...along w/ many other corporation and institutions like BP, Morgan Stanley, Goldman) Their comments should be considered seriously (recently, Glencore said that expect all commodities to be bullish).

But in what sense are you asking? Size, influence, holding (they are heavy traders in oil)?
asad
London, UK
Posted Anonymously
15 years ago
Sep 8, 2009 14:33
Funny, really funny...this shouldn't be happening. All thanks to weakness in the dollar! If they say oil demand in US has improved and everything is right about the US equity market...then shouldn't the greenback be doing well. What's the concern?
asad
London, UK
Posted Anonymously
15 years ago
Sep 8, 2009 6:52
Spec,

That's Gordon Brown's agenda! Bring GBP and Euro at parity and then justify inclusion into the Euro!
asad
London, UK
Posted Anonymously
15 years ago
Sep 8, 2009 6:50
SKP??!!

Since WHEN is Chandigarh in Indonesia??!! Sold it off overnight. :p Think you selected the one nation below India... ;)
asad
London, UK
Posted Anonymously
15 years ago
Sep 8, 2009 6:47
said/houram,

It also depends on how many CFDs you're trading. Precisely, if you are trading 1 CFD, a 0.01 move in oil will profit/loss by 0.60 cents...2 CFDs will profit/loss 1.20 and so on. This is so because you're paying in (or your own currency) ad it is converted into $ real time.

Btw, it is expected that OPEC oil output will remain unchanged! Ali al-Naimi of SA said that price b/w 68 and 73 is perfect for both consumers & producers. And then he left a shrapnel in that yet 'markets are oversupplied'. Similar price sentiments were expressed by other oil ministers, suggesting that output WILL remain unchanged. Analysts interviewed by Bloomberg suggested unchanged output as well.

All eyes on DOE now. I think we should prepare (who isn't btw *smiles*) for a fall in oil price. It is struggling to go beyong 68...
asad
London, UK
Posted Anonymously
15 years ago
Sep 8, 2009 2:19
Said,

I don't know about tomorrow or Thursday...but most, or all, markets would have corrected themselves (barring an extraord occurence)! Having said this, the API/DOE stats will have a significant impact...in an insignificant way. :p At least oil is on correction pretty soon.

As for head and shoulders...it doesn't matter if Dow correcst itself during the last weel of Sep or first week of Oct...the b/line is that a correction is due! Did you read that EVEN Lehmann shares are going through the roof for NO real reason...but JUST because investors are finding the next lottery ticket! (Remember that Lehmann stock is traded privately...and not on exchange).

The market - esp/ equities - are highly overbought...and the greenback heavily oversold! Verily, reverse is in the offing. With all this comes down the oil and gold too! To quote Ashraf...intermarket correlation at its best.

This IS a month of correction...so let's not get our fingers burnt!
asad
London, UK
Posted Anonymously
15 years ago
Sep 8, 2009 0:54
Moe,

Good tennis being played at the US Crude :p if you're watching.

We had a good half-hour rally b/w 67.98 and 67.99...and now 68.00 and 68.01 for the last twenty minutes! ;)
asad
London, UK
Posted Anonymously
15 years ago
Sep 8, 2009 0:51
Ashraf,

Your royal take on the API & DOE data please?