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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8898
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
Xaron
Munich, Germany
Posts: 528
11 years ago
Apr 6, 2010 9:51
Shorted crude oil here at 85.55
chloethebull
Posted Anonymously
11 years ago
Apr 6, 2010 0:43
asad..so nice to have u back..i was worried u jumped off a bridge..lol..please tell me u still holding a short position on crude..lol..iam.. an im wondering if u think the top is here @86.80..gl an thanks
asad
London, UK
Posted Anonymously
11 years ago
Apr 5, 2010 23:54
Bill,

You're almost there! The volume from 83 - 86 was much lighter than the volume from 83 - 79. The same has been the story of the Dow.

Agree w/ Said that a sell-off is in the offing. When that happens, USD will strengthen...and if anything, oil should trade weaker...


Asad

P.S. The NFP was UTTERLY poor! This' where they take you to the tenth floor and push you down!
said
mulhouse, France
Posts: 2822
11 years ago
Apr 5, 2010 21:23
1157 FOR S&P
said
mulhouse, France
Posts: 2822
11 years ago
Apr 5, 2010 21:12
GET READY FOR AN EQUITY SELLOFF BY WEDNESDAY
Callum
Singapore
Posted Anonymously
11 years ago
Apr 5, 2010 16:37
@chloe - We may have to wait to see how the Fed discount rate story plays out today.
chloethebull
Posted Anonymously
11 years ago
Apr 5, 2010 16:20
bill... i think we missed the play the big boys ran crude up to resistant levels..leading us to think it would pull back ..but no outta the blue they start reporting about the global recovery..then wack huge jumps leaving the lil guy way under water...ohh well only thing saving me in margin manement..but i would like to hear from ashraf an what he thinks might be taking place..looks like a huge break out to me..gl
will poho
Toronto, Canada
Posts: 20
11 years ago
Apr 5, 2010 16:15
Hi Ashraf, Still holding my oil short from $83. Oil is now at 86.80 Is this just a light volume spike or can we expect oil to sustain these levels and move higher? Fundamentals way out of whack here.

bill
chloethebull
Posted Anonymously
11 years ago
Apr 5, 2010 16:10
ohh ya an that massive jobs # 163k(lol)..at this rate it might take 4-5yrs before the us gets back to pre crisis levels..what did they loss to date 8.4mill jobs..an the markets think its all good over 163k jobs never even reached the concensus of 187k jobs...plus the 1#vehicle sold in the us was pick up trucks...does that purchase make sence as we approach 90 buk oil ...can some1 explain this all...or is it just manipulation setting up for a massive fall..thanks gl
chloethebull
Posted Anonymously
11 years ago
Apr 5, 2010 16:05
with all the great news of not only a us recovery but a GLOBALrecovery...i would expect not a discount rate hike but actual interest rate hike...i guess the world can sustain 90+ oil..cad exports can sustain parity...greece an portugal no longer in the news so they must have there problems fixed..uk is on the jolly road to much better enviroment...looks like my short position was a bad call..thinkn on closing it out an taking a big loss...soo much for ger-us bond spreads i geuss that too is not a problem..gl pl