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More downside is expected

Today market is bullish. Expecting $101.50

I know :) and I have been trading long enough and have lost enough to know such a news would never warrant such a move; especially when in the past, we break critical barriers we consolidate if there is to be a continuation move. I still maintain by call of oil at $95 by next week. If it goes...

Offcourse thats why one should always use stops or be well capitalized and not use excessive leverage :)

Yep its called classic distribution :D

Previously shorted oil at $99 a couple of days back. Added to those shorts just now at $100.60 in JAN12

Failed W pattern yesterday. If we hold below 9860 for the first hour, a $2-$3 drop is likely today

1)I am talking about going long/short from current market rate which was $98 a couple of hours back (You already are 100 ticks in profit but thats not we are talking about here) 2)Let me clarify. My exact statement is "Market will hit a ceiling of around $100 by teusday after which it will...

Ok lets see where the market goes from $98. Lets suppose you are long and I am short. Lets come back in a week and see where the market is :)

Crude trades in a range, it was $80-$90 since last couple of months. The current breakout has no fundamental backing and due to European Economic situation, a rally can never be sustained. Yes it will touch $99 and probably $100 too due to technical reasons but reversing and going long on $98...

Need to close below 97.20 for initial confirmation of downward trend

I know there are a couple of threads on the MFGlobal on these boards but I felt there was a need to create a separate thread for MFGlobal customers so that we can keep track of the situation and engage in coordinated efforts to recover our money. I begin first. Till date, I have contacted...

All currency accounts are guaranteed. Offcourse over 99% of accounts are in PKR (Pakistani Rupee). Then majority of remaining 1% are USD accounts. There are also some EUR accounts. In the last 60+ years (since Pakistan became independent), we never had a single bank failure. A couple of...

Is any MF Global customer currently in contact with the trustee? I am getting replies from SIPC and even got a reply for MF Customer Support but no reply yet from trustee

I have no idea

A reply "Under SIPA, cash specifically refers to cash in a securities brokerage firm account from the sale of or for the purchase of securities. Cash from the sale of or for the purchase of investments that are not "securities" is not protected. Based on the information you have provided, it...

Hey mate how are you? Good to see you back. I remember you good calls on crude oil back in the days :)

It surely can. Its now upto the regulators to do something about it. Make new legislation and probably new monitoring and control agency. Here in my country, Pakistan, which is supposed to be a third world underdeveloped country with the shittie$t financial system, all our deposits are...

I will not be able to paste here the chain of email correspondence I had with SIPC due to privacy reasons but I did told them specifically that my account had "Cash only, no positions, and all I did in my account was trading crude oil futures". Their reply included that cash and cash generated...

I am corresponding with guys at SIPC. They say that since cash in my account was generated by trading crude oil futures, and since futures are not a security, my account isn't covered. Heres what they said "“Crude oil futures” traded on the CME would appear to be futures contracts, and...