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.
 
1...686970717273747576777879808182...86
asad
London, UK
Posted Anonymously
15 years ago
Aug 27, 2009 23:57
Smiler,

I wrote a couple of days ago about the WTI exceeding ICE. That's because of the hurricane euphoria (& expected disruption in supplies), nothing else. When everything normalizes, we'll see the usual gapping.

As for the direction of oil, you'll see tomorrow. :) Needless to say, stay short. Remember when I advised you to stay short until 68...and then enjoy the quick profits b/w 68 & 70? Well, the same applies to the 70 to 72 range. I booked some quick (long) profits b/w this range. Now I'm short. But the real treat is in the weeks to come...
will poho
Toronto, Canada
Posts: 20
15 years ago
Aug 27, 2009 22:17
Oil bounced to 72.82 Is that still corrective?
smiler
Ireland
Posts: 15
15 years ago
Aug 27, 2009 19:10
Gunjack, I was just about to post the same thing!! The other point I notice is that the price differential between US and UK Crude has been eroded. Should I read anything into this?
Gunjack
London, UK
Posts: 1184
15 years ago
Aug 27, 2009 19:08
Ashraf as always your calls have proved to be astute...WTI is nearly hitting your 72.7 target. How high do you see this bounce/spike in WTI extending?

Thanx
Gunjack
smiler
Ireland
Posts: 15
15 years ago
Aug 27, 2009 19:01
Will do Ashraf, thanks for the heads-up. I was planning on re-entering the trade based on the 1 Hr chart. If I don't get back in it's not the end of the world. There's always another opportunity out there.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 27, 2009 18:45
smiler, 69.30 is key oil support. careful from the bounce which could reach as high as 72.70 and still be a corrective move

Ashraf
smiler
Ireland
Posted Anonymously
15 years ago
Aug 27, 2009 18:11
Hi Ashraf, I understand what you mean about not chasing pips but I was looking to add to my position as Oil played out as you had predicted. I actually closed the trade earlier today at $70 so I am certainly smiling today! If the Cable hits 1.6150 i'll be even happier! I hope you enjoy what remains of the holiday and thanks again for your wise words.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 27, 2009 17:03
kleoo, i said on my IMT and twitter many times these past days that i see 1.6050 so lets stick with that for now. if we do get there, then possibly 1.58. (1.5750 is also key support)

Ashrfaf
speculator
Posted Anonymously
15 years ago
Aug 27, 2009 14:51
wagonomics i dont see many people predicited what he has. although many of the banks did predict year end s&p 1000.
waqonomics
London, UK
Posted Anonymously
15 years ago
Aug 27, 2009 13:41
Hi

Ive read the Kass report, but i think that it perhaps doesnt take a genious to work these things out, more a case of balls to put a trade on! Theres a compnay called Futex who put out research, they're a prop firm, and they've put out similar calls since feb/march time.

Regards
Report Reply
1...686970717273747576777879808182...86