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by Ashraf Laidi
Posted: Aug 22, 2009 3:37
Comments: 852
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This thread was started in response to the Article:

VIX, Oil, BRICS & Sterling's Sell-Appeal

BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 20, 2009 14:28
Moe, Asad, in today's world, the market needs MORE than US policymakers speeches of OPEC speeches to start selling oil and buy dollars. so be careful. Last week's break above 76 very important technical development that should boost towards low 80s.

Ashraf
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 20, 2009 14:26
raj, options barriers blocking EURUSD at 1.50 but history showed a break of 1,50 usually sends us very quickly to 1.5070-80s. not a buyer of euro here. better in Aussie. Look how EURJPY is struggling.

Ashraf
radu
bucharest, Romania
Posts: 203
15 years ago
Oct 20, 2009 14:23

Moe , but i don"t think this possible corection is THE CORECTION (a big one )
asad
London, UK
Posted Anonymously
15 years ago
Oct 20, 2009 14:23
Moe,

You come up w/ interesting bits of information...but I've learnt to trust you in the past. Ironically, I've never had direct contact w/ you on this Forum?

Tell me...giving NO consideration to opinions on this Forum...what is YOUR opinion of oil in the coming weeks (based on fundamentals, technicals and common sense)? Let's play long/short... :)


Asad
radu
bucharest, Romania
Posts: 203
15 years ago
Oct 20, 2009 14:19


Hi Moe ,
I don"t hear about OPEC"s...can you put here a link to that ?in my opinion a corection is possible ...
14raj
Kolkata, India
Posts: 210
15 years ago
Oct 20, 2009 14:07
Ashraf,
I bough euroUsd at 1.4865 and it got stopped out at 1.4840. I again made my entry at the same level of 1.4865. Should I cover here, coz market is struggling much at 1.4980 level.
Regards,
Rajib.
Moe
Sharjah, United Arab Emirates
Posts: 50
15 years ago
Oct 20, 2009 14:07
Forum,

Did you hear about OPEC's communique whereby they said that Oil @ 80 is on high side.
This should bring the oil down a bit??
nzvik
New Zealand
Posted Anonymously
15 years ago
Oct 20, 2009 8:56
Redstone - here is my set up on EURGBP if it helps.

Short - on a clear break below 9072. This may happen today or could take a full week or more - as their is a H&S forming (daily charts) provided there is a rally in the next few days upto 9300, but not beyond. If 9072 is broken then on further breaks of key support (8980, 8840, 8695) I will keep adding to my short.

Long - I am less confident of getting into a long position - but it would be only on a clear break of 9400. However, the ideal scenario to go long would be for a move up to 9400 followed by a move down to 9250 and then a final clean breach of 9400 . This would then be a good position to enter long. We then have resistance at 9512 which if broken the pair could head to 9800.


Spec is right about the extreme positioning of traders against the dollar (excluding GBP). Following is positioning as per COT data for 13th Oct (the last one released) - % of non-commercial contracts that are long :

JPY - 75.1%
EUR - 68.7%
CHF - 84.0%
CAD - 88.6%
AUD - 89.2%
NZD - 91.5%
and
GBP - 11.6%


Good Luck.
redstone
bristol, UK
Posted Anonymously
15 years ago
Oct 20, 2009 7:57
thanx anyway spec.
speculator
Posted Anonymously
15 years ago
Oct 20, 2009 7:41
redstone, sorry i would not know.
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