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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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said
mulhouse, France
Posts: 2822
14 years ago
Jul 6, 2010 17:55
gun
i tld to my bro to buy oil at 78. made a mistake while i make the opposite at 75 with 5.
ashraf s right . oil wont go to 84 it broke the 72.51 level on the 1st.

just i had a thought on long term price for oil benchmark delivery by analyzing lt oil chart and the shork report jsut came conforting my point of view.
the marginal extraction cost has risen and we arrive for offshore and deep se at around 55 level.
that means that prducer are gonnahedges their production for the second semester and first semester coming
Gunjack
London, UK
Posts: 1184
14 years ago
Jul 6, 2010 16:43
Ashraf - Do you think we could be seeing a 6 handle on oil before the end of this summer...Thx!!
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jul 6, 2010 16:39
Hi Mark, IMF, hedge funds, and the actual producers/miners of gold. But i think the cenbank figure is now more than 20%

BDI, testing the lows of 9/9/09 but i prefer to use that as a leading indicator. I dont beleive oil will break above 83.


Ashraf
Gunjack
London, UK
Posts: 1184
14 years ago
Jul 6, 2010 16:28
Anyone else noticed the plunge in the BDI...down for 28 straight days...good blog post here
http://www.businessinsider.com/baltic-dry-index-continues-its-dizzying-plunge-2010-7
Gunjack
London, UK
Posts: 1184
14 years ago
Jul 6, 2010 16:27
@Pipster seeing lots of +ve sentiment today..I got into a small long @ 4900 and will look to play it until at least 4950...could poss look for a short around there
Frog
Paris, France
Posts: 28
14 years ago
Jul 6, 2010 16:15
Schork is often wrong short term, but has a clue on the longer term. So be careful, soon we're entering in driving and summer season. Bunch of people will need air conditioners. I don't see oil going down if equities rally during the earning season as well
chloethebull
Posted Anonymously
14 years ago
Jul 6, 2010 15:49
@ashraf &forum...i watched ur interveiw this morning an was interested in what shork had said about oil trading much lower (55--65)range ..do u agree or disagree with him ..thanks gl
said
mulhouse, France
Posts: 2822
14 years ago
Jul 6, 2010 12:39
eh guys watch the cnbc interview of ashraf and th eguy from the shork report

just to tell you that the price benchmark for long term delivery in oil is around the 55 even if it will touch lower.
Pipster
UK
Posted Anonymously
14 years ago
Jul 6, 2010 10:58
I've shorted from 4892

Next level i'm looking to short is 4963

Anyone else got any ideas
Pipster
UK
Posted Anonymously
14 years ago
Jul 6, 2010 10:50
Gunjack

What levels would you short FTSE-
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