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Good observation, but are there any bulls?

Trend for oil prices is still up. Buy CL on market open with one third of cash available.

Are you sure about Friday? Friday variations are very often counter-trend because of liquidations happening before the weekend. Or, are you talking about Thursday/Friday during expiry weeks only?

That would also make sense.

This guy? I thought areyoukidding? was a woman. Not that it matters really...

How were the percentages calculated? I usually calculate a percentage change as (P(t) - P(t-1))/P(t-1). For example, the percentage change in cell G3 should be equal to =(E3-E2)/E2 = 0.827% instead of 0.635%

Call liquidated at 4.90 ($4,900). ------------------------------------------------- Portfolio value: Sept. 9th (at market close) cash = $8,811.25 Total = $8,811.25

The bottom seems to be far. Strong growth is the only fundamental variable supporting the US dollar and if oil is already bouncing back before reaching 60-61, markets will discount additional uncertainties about growth in the US. The trend for stocks seems to be turning from flat to slightly...

Bullish positions that were building up for the US dollar are already reversing because of renewed uncertainties caused by increasing oil prices. The Sept05 82 call bought at $5010 today will have to be liquidated on market open.

My data indicates that the positive sentiment that was building up for the US dollar has drastically changed today because of renewed uncertainties caused by increasing oil prices. I'm not bullish on the dollar anymore.

I agree. The proportion of oil contracts in a portfolio of indices and commodities must be smaller because of the extreme volatility.

The intraday low of $63.10 for CLV5 looks like the bouncing point. Now would be a good time to hedge long stocks and long dollar positions with a long crude position.

I agree with Man Babak. That's the question I always have in mind EVEN when the price is going my way.

We're looking at similar things. The big question is, is oil ready for another big bounce now after the Dow gained almost 200 points in the week or will it go all the way to 60-61 while the Dow goes all the way to 10700?

With oil prices retreating and the stock market rallying again, the US will continue to attract an increasing amount of foreign capital because of it's higher growth rate. Recommendation: Buy calls on US Dollar Index on market open with half of the capital.

I think that the Wait and See approach might be over as early as tomorrow and that the US Dollar Index will soon go from 87 to 90. - Oil prices seem to be heading towards $60, which will help stocks. - Katrina fears are easing, as the stock market has shown. - For the past 5 weeks, it became...

Oil and stocks are both growing for the same reason: Growth. This is one of the reasons why they have had a positive correlation for over two years, so this is nothing new. In a shorter time frame, the correlation is negative. When oil goes up TOO fast, stocks go back down, and eventually...

I also commented last week about oil being overbought. But I also think that the trend is still up and that oil will rebound once the Dow is up 200 points or so this week.

I agree. I was digressing.

Have you considered the long stocks/long oil position?