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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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said
mulhouse, France
Posts: 2822
15 years ago
Jul 14, 2010 20:16
qiman
i was wrong
too much optimism didnt take into account what someone told me

wait next wednesday
Qiman
United States
Posts: 237
15 years ago
Jul 14, 2010 19:05
@Said, yes, due to the Intel earnings it hit that level right as the ES contract reopened after the 15 minute break yesterday, but could not break through. Still might this afternoon with the as of late typical buying the last hour. What was interesting in hindsight yesterday was when Intel announced, the NQ and ES futures were in their 15 minute break period, so traders piled into the TF (Russell 2000) as a proxy, driving it up a full 6 points in 15 minutes, wish I had been at my screen! Both the NQ and ES gapped up considerably upon reopening at 430 Eastern time.
said
mulhouse, France
Posts: 2822
15 years ago
Jul 14, 2010 18:38
a break above 1096/97 on sandp will give us signal for more upside
Thibaut
Lausanne, Switzerland
Posts: 2
15 years ago
Jul 14, 2010 13:14
Hi everyone,

do you know the reason(s) why there is a decorrelation between two Futures (same unedrlying) with different terms (July and September for example). When I say decorrelation, it means that when one goes up, the other goes downwards.

Thx
Stationdealer
London, UK
Posts: 715
15 years ago
Jul 14, 2010 6:59
If the dollar is moving south and the indices are moving north that is conducive for commodities to trend higher. Crude is above the trend line mentioned higher by over 3%. Not to mention a bullish engulfing candle on the daily chart so yes folks it looks like higher ground is in the future. Aggressive traders in futures should use $75.50 followed by $74.40 as support in August. A possible trade idea would be the October $80/85 call spread for $1700. Natural gas has lost ground for the last five days but $4.33 continues to support. Prices are starting to look over sold and we like purchasing 50 cent call spreads expecting a rebound in the coming weeks.

August gold traded up to but failed to close above the 50 day MA. On a settlement above $1218 we would be interested in gaining long exposure for ourselves. September silver was higher by 1.72% now approaching the 50 day MA. Most people have bullish exposure either via September futures or December call spreads.
said
mulhouse, France
Posts: 2822
15 years ago
Jul 14, 2010 6:13
hi ashraf

i only forecast on EW and few indicator and all on lt tell me that the potential in oil has not terminated. but with no corelation with natgas.
ur comment much appreciated.
asad
London, UK
Posted Anonymously
15 years ago
Jul 14, 2010 2:10
Gunjack,

I'm w/ you in this short! I suspect another crash within the next two months. This market isn't as simple as it seems. Already shorted last weeks from 76.50 to 72...didn't go long...now hoping to cash in on another short circa 77.

Hey, you didn't tell me about your cousin's club...?


Asad
said
mulhouse, France
Posts: 2822
15 years ago
Jul 13, 2010 23:38
hi qiman
i wont underestimate the sphere of influence of this rating agency on a specific geographical area taken into account the overseas reserves of the people bank of china
hai tian can mean trust in the sea or trust in the money depend where u put ur accent.
few things that are left over from my past travels.
Stationdealer
London, UK
Posts: 715
15 years ago
Jul 13, 2010 20:48
Said my target is also 80 I will buy at 74.80 if oil decides to retrace tomorrow around inventories.
I have been trading Oil in comparison to VIX if you look at a VIX one month chart vs Oil one month you will see it clearly.

I will reverse option if VIX dips to 22 21 or below 20 for sure sell, similarly Cl should be around 79 0r 80 at the time so that will be a good place to sell again for 75.

Oil prices will shift for higher once S7P breaks 1130 we can expect a continuational trend from that break. Thats my theory!
said
mulhouse, France
Posts: 2822
15 years ago
Jul 13, 2010 20:17
hi ashraf
even with broke do u confirm fist target of 80 for oil
thanks
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