Gold, Oil & Indices (Equity & Bond Indices)

and another long on UK crude 8930

Catnip, no I don't. Luckily, not one of them:) "Grey" futures markets?

What I gather is that it is not the all time high China inflation, their ppi has been on the higher side of things for a while now, and that apparently there's no hike coming up this month (?), as authorities are confident to stop its further growth in December.

Besides, OECD oil floating ship reserves are reported down, just as crude imports into the US. Now I may be wrong but the price momentum is very strong.

Anecdotal evidence suggests that as Chinese party authorities recently cramped down on the electricity usage by local producers, the latter switched off the electric grid and turned to burning heavy oils instead. So further improvements in the official statistics guaranteed :)

With the DXY having staged the spectacular come back, the CL strength is all the more telling. As PMs have felt somewhat shaky, don't you guys think a rotation into a lagging commodity is about to occur, propelling it above 90?

Yes Gunjack, I run an overlay chart for some of the correlations and the relationships can and do go off course sometimes intra day and then something has to give and they all come back into line again. Inventories a good example of messing my chart :-)

@Lucky if u see my earlier posts I stated that we could hit 88, which we have today. I have entered into a small short today at 88.08, worst case scenario we head to 89/90 and i get taken out, but think gravity will work it's magic on CL soon...