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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)
i am short looking for good exit point (say 1126) what do you think
comex gold future going down to 1060?
As a matter of principle (& I've noticed/proved it SO many times), oil trades lower on Friday. 8/10 times. Most of the money I've made on oil has been on Friday. :p
Your question...well I can't say until the big boys (aka Wall St) wakes up at 1430 GMT. They're the one's who've been gate-crashing the party - Asia & Europe take it lower...they bring it RIGHT BACK UP - for the last few weeks.
If there are some good results, who knows they'll forego the Greek news. But in itself, oil SHOULD be trading lower for the next couple of weeks. And then, the explosion in May...
Asad
Forget 1160 - you spoke too soon. :p The market I'm seeing right now looks in search of 1060.
Btw, look at oil tank 1.25 just-like-that! I luuuuuuurrrvvvv these early morning European surprises...
Asad
@Forum: Well, Twitter was originally for chit-chat, and now it's used for trading; go figure.
So long as we don't forget to talk about trading and intermarket analysis, I don't see a problem, as Asad has said.
Speaking of which, I see that Ashraf has said there is a cap of 1153 on gold.
I've been watching it make its way up from ~1125 and wondering how soon it would get to ~1160 again.
I don't see where the problem is. This is how the Forum has run since its inception...and this is how it shall continue to. Again, I see no problem w/ the "chit chat" here
In any case, none binds the other to stay...and one can leave as (s)he wishes.
Asad
Chit chat is for facebook.
ASAD
i can make a living rom trading hundred euros a day but if i wanted this job is for gainig experience and opening a advisory boutique in a three years time frame period.
the money is not my driving forces but acomplishment in the community;
if what i forecast come to be , well my objective would be welcome
You're wasting space by whining about it! Make a move...and get on w/ the game! & don't regret...
Asad