Posts by "catnip"

how will oil continue ? Imo the oil-and gas region of North Africa will eventually become Iraqs,
unstable , with unstable production. I am still long on gasoline fut bought 771 now 721 and not going up. It was clear reasonably - not from chart astrology - that the raise was 100% speculative as there is by far not any demand supply mismatch. But it could come, in Europe because Lybian and Nigerian oil are most effective for cracking down to high octane gasoline.
Europe imports 80% of Lybian and Nigerian output. Today premium plus cost already EUR 1.65 per liter that is equivalent to 7.5 USD/gallon also premium and standard come from today on with 10% ethanol. So one should buy suger11 and corn, and oil sand stocks.

I expect EURUSD touching 1386 , even 139 is possible today. After that EUR strength will fall.
Note the traditional narrow ties of Italy Spain France with North Africa. Nothing is settled there.
Italy harmed most by Lybia riots.

Now it seems the shorts had their way. Getting out of oil but stay in gasoline long although the trade is at a loss. I think oil hype will be back soon.

I am not wrong.

No no it was King Abdallah read Reuters. Btw. a simple trick: oil goes up DOW goes and vice versa down i trade this pair with nice profits up and down.