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Posts by "boli mekura"
234 Posts Total by "boli mekura":
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Posts by Anonymous "boli mekura":
Stop is on an intraday basis, cause NG is very volatile. It could run away very fast.
As I wrote below: current stop is at 3.935. Price objectives and first resistanc is written below.
GL
Yesterday I mentioned that gold/silver ratio is at ST extreme. So it relaxes a little bit today.
GL.
See ya.
NG moving today to the upside, while CL moving to the downside.
Remember that oil/gas ratio I mentioned last Fridayd and yesterday. It is moving now to the downside to relax the strain a little bit.
Potential for NG (march'11 basis) is 4.080 ST if/after 4.003 is broken to the upside. Stops at 3.935.
GL.
I guess if we are talking in real terms, then yes, SPX will fall back beow the low of 2009. But in nominal levels this low will not be 666. IMO
Now my next objective is 1348 for ES.
I guess Thursday or Friday of this week will be the day.
Further to WTI-Brent spread check this out: http://www.bloomberg.com/news/2011-02-14/wti-dead-as-a-benchmark-amid-bottlenecks-raymond-james-says.html
It is no secret that oil at Cushing is through the roof. So no suprise that WTI price is depressed relative to Brent, which also prices current geopolitical risks.