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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
Libya oil production almost halted due to fear of terror attacks.
Thus I assume brent to top out around 115 while wti will raise further as spread to Saudi arabia
is possible.
Oil bets very risky.
I placed stop sells on WTI and brent in case Ghaddafi goes fishing with Chavez.
It is not impossible that oil fields Libya get terror attacked
If we seen a meaningful high maybe the mkt takes back control, that would nice but I wouldn't hold my breath yet :-)
http://eminidaytrader.com/blog/