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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)
Live chat, eh? :p
Well, Brent is also a form of crude. Your platform MUST have an option b/w UK crude & US crude...
Asad
The wrote along as I closed along my barest minimum positions! Currently, I'm short at 85.80 and 86.50. Let's see how these pan out!
Again, should equities collapse (they will...believe me, THEY WILL!! :S )...this would strengthen the USD...which should weaken oil. & it's only a matter of days before this happens...
Asad
P.S. I was at London Bridge earlier this week. Nice guess... :p
Either you mean "shorted crude at 86.55" (because it didn't trade sub-86 today)...or you've shorted Brent at 85.55 (possible)...or you've shorted s/thing else at 85.55 (oops! Go check)... :p
Asad
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!