Forum > View Topic (Article)
by Ashraf Laidi
Posted: Aug 22, 2009 3:37
Comments: 852
View Article
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.
 
12345678910...86
asad
London, UK
Posted Anonymously
14 years ago
Feb 10, 2010 11:34
Ashraf,

I agree and I see why. There are far too many variables supporting oil - the Iran episode, inventories, OPEC, the upcoming hurricane season (they're saying this time the Jun-Nov hurricane season will be one of the worst ever) and ofcourse, oil's relation to the USD.

Yet, I believe that when gold nears 1000, oil too should be in its mid-60s. I won't be surprised if oil breaks 70 this Friday. I always say...watch out Friday!


Asad
Ashraf Laidi
UK
Posted Anonymously
14 years ago
Feb 10, 2010 1:31
Mojo, good news for europe tomrrow could help USDCAD reach 1.06 but if my 1.32 eurusd fcst holds, this will bounce to above 1.085

Ashraf
Mojo
Arizona, United States
Posted Anonymously
14 years ago
Feb 10, 2010 0:13
Mr. Laidi,

USDCAD seems to be range trading here for the last 2-3 days. What's your outlook for this pair for later this week? You think we'll get up to 1.0850 this week? Plz share your thoughts, thanks!

Mojo.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Feb 9, 2010 16:38
Asad, not ncessarly, bceasue GOld/Oil ratio is changing continously. despite the fundamentals, i remain more sterm bearish gold than oil.

Chloe, not sure what they talking about as last night's USDCAD high at 1.0775


Ashraf
asad
London, UK
Posted Anonymously
14 years ago
Feb 9, 2010 15:01
MASSIVE resistance @ 72.80 - oil...


Asad
chloethebull
Posted Anonymously
14 years ago
Feb 9, 2010 13:05
hi ashraf, im confused on usdcad,fxstreet sayn usdcad rejects 1.0725 but in ur tweet are u saying usdcad goin upup? thanks for the help all the best
redstone
bristol, UK
Posted Anonymously
14 years ago
Feb 9, 2010 11:07
agree spec. choppy waters till end july though.
speculator
Posted Anonymously
14 years ago
Feb 8, 2010 23:41
one thing i am 99% sure is that march equity lows will certainly not be tested in 2010 and that this is correction is exactly what the market wants for a new high post-lehman high in late 2010.
asad
London, UK
Posted Anonymously
14 years ago
Feb 8, 2010 22:55
Ashraf,

Thanks v/ much for your reply. Please DON'T embarrass me by apologising - I only wanted to clear the confusion (& you've clarified well...as always).

In another post, you've written that you expect gold & silver to reach up to 970 & 13, respectively. What is the given time horizon? And if this happens, then we can expect oil to be 65-ish. Isn't it?


Asad
chloethebull
Posted Anonymously
14 years ago
Feb 8, 2010 22:53
my mistake i thought it was target, i;ll look for a oppertunity to close out my short position..thanks
Report Reply
12345678910...86