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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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Gunjack
London, UK
Posts: 1184
14 years ago
Dec 24, 2010 9:38
@Asad I'm playing CL thru options for time being, but yes 93 is a def poss and we could end up getting there v quickly. If u have the bankroll def recommend averaging on you MTM loss. As we will be the ones sipping on our Martinis in the sun once CL reverses direction
Gunjack
London, UK
Posts: 1184
14 years ago
Dec 24, 2010 9:31
@DaveO - IF we b/o of the upward channel when trading recommences (91.65-80 region) then can def see further upside to this move in CL. and v likely will be worth jumping on the short term momo with futures and riding it up to offset the beating my puts will take. I still am convinced the these higher moves will lead to a vicious fall, this is the game the big boys (GS, MS, JPM, GLENCORE, TRAFIGURA ETC) play
rose
Posted Anonymously
14 years ago
Dec 24, 2010 5:11
shorting silver
chloethebull
halifax, Canada
Posts: 1183
14 years ago
Dec 24, 2010 2:45
just wondering what the forum thinks about copper getting ready to form a reverse h&s on the weekly chart(30min)..looks like it broke the neck line an moved higher but is it possible that the right shoulder was about to be formed?thanks:)
asad
London, UK
Posted Anonymously
14 years ago
Dec 23, 2010 23:57
Gunjack,

Game on! Short at 91.45. Expect CL to stretch around 93, where I'll place another one.

Wishful as it may sound, I expect this one to go in the right direction... ;)


Asad
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Dec 23, 2010 20:25
Ok, I want to see what happens at 93/94 level, I think it will get there.
Gunjack
London, UK
Posts: 1184
14 years ago
Dec 23, 2010 19:09
Fellow Oil Punters...as I have said...the time has come to start shorting CL. I have picked up my first batch of 90 puts...will add more on any further increase in price of CL...4-7 trading days is the timeframe I am looking at
said
mulhouse, France
Posts: 2822
14 years ago
Dec 22, 2010 22:34
natgas medium term observance 5.49
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Dec 22, 2010 20:53
All eyes and ears Gunjack. I guess the last few inventory #'s have helped to prop up. Damned cold winter here !
Gunjack
London, UK
Posts: 1184
14 years ago
Dec 22, 2010 20:08
@DaveO - For me next target is the upper channel we are in, so 91.70-90 region, but agree above that 93.9 and then 61.8 retrace from 08 highs at 103.34 are potential targets.

On a side note I can feel the time is coming to start shorting crude. My 08 and 09 analysis has given me a 4-7 day window where u have to fight the mkt and have enough powder to not get taken out, but the rewards for the few still standing are magnificent. I will start posting on when I enter my first short position
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