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by Ashraf Laidi
Posted: Nov 19, 2009 21:57
Comments: 315
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This thread was started in response to the Article:

Oil Weakness May Intensify

Oil sluggishness may risk turning into a faster selloff, especially as the fuel fails to gain on recent USD losses.
 
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asad
London, UK
Posted Anonymously
14 years ago
Dec 29, 2009 23:56
Chloe,

I currently trade derivatives, albeit I've also done stocks & etf's in the past. Oil, like gold, can be traded in many forms. Thus, you may want to own stocks in BP, Shell or Exxon, or put money in an index tracking oil stocks; you can buy an etf - the best IMO is USO (or even buy into a reverse etf - DUG); or just get an IG or CMC platform and trade derivatives.

An exotic play I'm considering doing over the next few months (& over the medium term) is to possibly invest in the Iraqi currency. With Iraq set to become one of the largest producers - possibly the largest - of oil in the world, this could be a decent oil play over a medium-term horizon...


Asad
chloethebull
Posted Anonymously
14 years ago
Dec 29, 2009 23:19
HI ASAD, thanks for the reply,i mean: etf ..or hou-hod..or long+short bell weather stocks..i saw u wrote u could be short tomor which instrument do you prefer to u use..i appreciate you sharing your trading style an tips thanks again
mondo
portsmouth, UK
Posts: 22
14 years ago
Dec 29, 2009 22:44
Theres an interesting interview about oil on bloomberg.com with a guy named schork, its under the editors video picks link.
asad
London, UK
Posted Anonymously
14 years ago
Dec 29, 2009 22:34
Chloe,

By 'way to play', do you mean 'how to trade' or do you mean 'trading strategy'? Generally, be it CMC or IG, you'll be trading oil derivatives (unless you've got ample storage capacity in your back yard).

Best way to play is the most traditional way - buy low, sell high. :p Or sell high & buy low. ;) Same goes for forex, indices, stocks & other commodities on either platform...


Asad
chloethebull
Posted Anonymously
14 years ago
Dec 29, 2009 21:39
ashraf,can u suggest the best way to play (short or long)oil @ cmc markets..thanks
asad
London, UK
Posted Anonymously
14 years ago
Dec 29, 2009 20:49
Hedgie,

At the moment, no! But I'm monitoring the price VERY carefully. To be honest, I'm extremely tempted to open a short position above 78, given that the high price is largely, if not only, due to the events in Iran. If anything, I smell 400 pips...at the minimum.

Don't be surprised if you visit the Forum tomorrow and find my position open. What do YOU think?


Asad
Hedgie
Scunthorpe, UK
Posts: 16
14 years ago
Dec 29, 2009 14:17
Asad you still shorting crude?? trading at 79 and change now
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 28, 2009 0:09
Dima, for what time frame? i wont see 1.01 until H2 next year. upside may be capped at 1.07 as the oil picture could get very uncertain with the events in Iran.

Ashraf
mo
liverpool, UK
Posts: 123
14 years ago
Dec 25, 2009 2:43
every one
Merry christmas and happy new year
radu
bucharest, Romania
Posts: 203
14 years ago
Dec 24, 2009 17:25




MERRY CHRISTMAS ASHRAF !!!


MERRY CHRISTMAS EVERYBODY
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