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by Ashraf Laidi
Posted: Nov 19, 2009 21:57
Comments: 315
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This thread was started in response to the Article:

Oil Weakness May Intensify

Oil sluggishness may risk turning into a faster selloff, especially as the fuel fails to gain on recent USD losses.
 
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hmmalik
toronto, Canada
Posted Anonymously
14 years ago
Jan 14, 2010 18:42
i bought oil just a short while ago@79.60

should i hold?

what target expect?
hmmalik
toronto, Canada
Posted Anonymously
14 years ago
Jan 14, 2010 18:37
pippedoff

could u tell me about oil
thanks
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 14, 2010 18:21
1.0250 now - unbelievable. only a few hundred pips undervalued now.
Rezz
Canada
Posted Anonymously
14 years ago
Jan 14, 2010 16:07
Many months ago, a bad canadian report would lead to 100-200pip gains in usdcad in several hours. Now big market players are stopping it in its tracks to avoid technical breakouts. As Ashraf noted in his video, there was a trifecta of bad canadian numbers in the last few days, plus oil retrated to under 80. What does USDCAD do in last 24 hours?, sell off to close to its 1.0255 low from days ago!!

It is hard to imagine new rational entrants shorting usd/cad at these levels. Too many weak longs in USD/CAD at the moment perhaps??
chloethebull
Posted Anonymously
14 years ago
Jan 14, 2010 15:57
pippedoff ..just added a small position with ya 1.0266..lol gl
chloethebull
Posted Anonymously
14 years ago
Jan 14, 2010 15:54
hey pippedoff wheres the correlation betw our petro loonie and crude...lol. gl
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 14, 2010 15:51
In at 1.0268.
chloethebull
Posted Anonymously
14 years ago
Jan 14, 2010 15:41
ya i wanna add some more too but things not looking good for usdcad...watch crude bounce to 80 buks an push cad lower..i don;t even wanna talk about crude smashn through 80buks that would push usdcad to 1.0200 prob lower...i just added a small long crude position..gl
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 14, 2010 15:34
Chloe-Im looking to go go long some usd/cad on this dip.
chloethebull
Posted Anonymously
14 years ago
Jan 14, 2010 14:04
crude pulling back but no response outta the cad..still looking weak...1.0250 here we come..but yen an eru try to hang tough..gl
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