Forum - Gold, Oil & Indices (Equity & Bond Indices) (Topic)

DaveO

N.Cornwall, UK

Posts: 5733

13 years ago

Apr 12, 2011 16:46

CL bombed straight through 50% and 61.8% rets and now reacting off the 70.7% level (yet again). 70.7% is important # for CL.

Correlation chart, all in perfect synch and with a decent stocks move down with a breadth low of -1786. Other internals not so neg yet.

78.6% at 105.00 but I don't see your long term support line there Gunjack ?

Structure looking like we might see much deeper move yet. Shallow rets will be the clue.

DaveO

N.Cornwall, UK

Posts: 5733

13 years ago

Apr 12, 2011 16:45

CL bombed straight through 50% and 61.8% rets and now reacting off the 70.7% level (yet again). 70.7% is important # for CL.

Correlation chart, all in perfect synch and with a decent stocks move down with a breadth low of -1786. Other internals not so neg yet.

78.6% at 105.00 but I don't see your long term support line there Gunjack ?

Structure looking like we might see much deeper move yet. Shallow rets will be the clue.

cat0nip

Frankfurt, Germany

Posts: 1632

13 years ago

Apr 12, 2011 16:43

only russian oil stocks they are a reliable indicator for direction of brent thus my estimate is brent could drop 10-15 USD

Gunjack

London, UK

Posts: 1184

13 years ago

Apr 12, 2011 16:26

@Cat0nip - you following GS to the letter then? they are targeting 105...dangerous as this could be their headfake before another spike higher

cat0nip

Frankfurt, Germany

Posts: 1632

13 years ago

Apr 12, 2011 15:46

as Russian oil GDRs are frantically sold I enter brent short trade @120 with target 105

bigBaby

Singapore

Posted Anonymously

13 years ago

Apr 12, 2011 15:45

DaveO,

I am no brain surgeon but I do intend to hang on to my day job for some time. I am not as lazy as you make me out to be but I am getting very curious to see some accurate analysts first-hand, hence my question.

Ok if there are no expert analysts for me to rely on elsewere are there any experts in da house whom I can depend on ? Who is the best trader here, really ? Let's give credit where its due. I will accept the usual disclaimers, no worries.

As an aside, can you point me to some paid analyst who in your opinion is wrong, on the direction of markets, 90% of the time so that I may perhaps consider using them as some kind of a contrarian indicator ?

Gunjack

London, UK

Posts: 1184

13 years ago

Apr 12, 2011 15:16

Wish i held on now...CL is getting slaughtered...105.50-80 is very important area imo...cd determine sentiment as i have my long term t/line cutting there

chloethebull

halifax, Canada

Posts: 1183

13 years ago

Apr 12, 2011 15:10

gold+oil gettn hammered:) @ the moment:) gl:)

cat0nip

Frankfurt, Germany

Posts: 1632

13 years ago

Apr 12, 2011 15:07

selloff of russian oil stocks accellerated in last minutes of trade USD JPY repatriated. Preparing for
brent wti short
oligarch stocks x-times better than charts for oil trade

Qingyu

manchester, UK

Posts: 1763

13 years ago

Apr 12, 2011 15:04

anyway, nice trade, gun. seems you got your amg. ^-^