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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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Callum
Singapore, Singapore
Posts: 179
13 years ago
Dec 13, 2010 14:17
Given the SPX & EURUSD divergence as Ashraf pointed out, is there a bigger opportunity to short SPX instead of EURUSD? Anyone shorting SPX at these levels?
Gunjack
London, UK
Posts: 1184
13 years ago
Dec 13, 2010 13:39
Did anyone jump in on my morning CL tip?? CL now at 89.3...tidy mint for anyone who jumped in
Gunjack
London, UK
Posts: 1184
13 years ago
Dec 13, 2010 9:46
CL traders watch for a break of 87.3 area...potential for big drop if we take that level out. Conversely 88.7-9 region break is +ve for longs
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 12, 2010 0:40
OK Gunjack, I will keep an eye out for your posts. I run a correlation chart with crude. stocks, inverted usdcad and gold. Gold is broadly positively correlated but I would say the least accurate of the players. Trouble with gold correlation is its safe haven quality which can kick in sometimes. There again we might find when it is running inversly correlated it has a leading edge at significant turning points. Will keep an eye on that. Strangely enough I don't notice much effect from large CB reported sales like the recent imf dump.
Gunjack
London, UK
Posts: 1184
13 years ago
Dec 11, 2010 12:30
@Catnip I agree with u, all that matters is the USD, especially in CL...I really thought we wd breach 90 and head toward 93, setting up a nice shorting opp, but instead treasuries started selling off and the yield curve drove everyone into USD and out of commodities..
Gunjack
London, UK
Posts: 1184
13 years ago
Dec 11, 2010 12:25
@DaveO it's hard to describe for a non TA guy like me...it's mainly sentiment in the overall macro picture, supply and demand of crude oil and a sprinkling of info from my commodity trader pals at GS...lol!!

I am analysing CL and GC data for the past year and trying to see if there is anything out of the ordinary happening in this correlation at the dates I mentioned in my earlier posts...I will update here if there is anything to this relationship
said
mulhouse, France
Posts: 2822
13 years ago
Dec 10, 2010 18:54
natgas 4.100
said
mulhouse, France
Posts: 2822
13 years ago
Dec 10, 2010 17:57
if 57/56 on OJ broken then support of 130/120 realistic
when support of 57 is reached we might have another up move.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Dec 10, 2010 14:20
chart astrologists are called - or summoned- to notice the strong correllation of US 10 y yield
and CRB....look 10 y yield stumbles a bit down and gold and silver follow down immediately.
All those single stand alone chart astrology is what it is ... magic art . Only one really matters the value of the USD.
said
mulhouse, France
Posts: 2822
13 years ago
Dec 10, 2010 11:42
siver support at 25
don't interpret
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