CL Redux

out 111.65 , this hurts

whenever this currency issues are involved in OIL action , this is what is happening , unpredictable movements ...

Quote from InvestVision:

add to short 111.06 , target 110.61

Boy this is hurting , last few days so much drop after pit session , today the other way.

let us see the OIL runup factors here

1/ It seems major part of this move is with ERUO rally ( last couple of hours )

2/ Libya (Thursday news)and is over played , the cat and mouse between rebels and gaddafi forces seems over played except this time gaddafi forces attacking oil facilities to STOP rebles from exporting oil and now big OIL traders see this as coming big damage to Libyan OIL infrastructure .

3/ Libyan rebels and citizens flee Ajdabiya ( new one )
This shows gaddafi is closing all cities except Bengazi .. the POPs OIL
----

http://english.aljazeera.net/news/africa/2011/04/2011480523612561.html#

Libyan rebels and citizens flee Ajdabiya

Turkey offers a "roadmap" to end the conflict as apparent NATO friendly fire causes opposition retreat in east.
More...
 
KEY EVENTS TO WATCH FOR:

Friday, April 8, 2011

8:30 AM ET. USDA Monthly Supply-Demand Reports

10:00 AM ET. Feb Monthly Wholesale Trade Inventories (expected +1%; previous +1.1%)
 
we do not know at this time of this $1.50 move
- the part of hike from Libyan oil fields/issues ( if major part is due to this we will see $1 retrace before bounce back to $112 by EOD )
- the part of hike due to EURO rise

-------
Oil prices near $112 a barrel on Libyan unrest
April 8, 2011, 8:15 a.m. EDT

http://www.marketwatch.com/story/oil-prices-near-112-a-barrel-on-libyan-unrest-2011-04-08

NEW YORK (MarketWatch) -- Oil prices on Friday rose close to $112 a barrel
- as fighting in Libya hit oil fields and
- the dollar's slide lessened the price of the commodity for holders of other currencies

----------

Middle East Live Blog
http://blogs.aljazeera.net/live/middle-east/middle-east-live-blog
 
Quote from pauk:

one last try at shorting this one way monster!
short 111.82
20c stop
More...

out here at 111.50 for +31

so +20, -30 and +31 so far. Not great. ES is 10 times easier, but oil is more fun!
 
Quote from pauk:

ES is 10 times easier, but oil is more fun!
More...

You like trading markets that are difficult for you? It's 'more fun' to trade something more difficult?

:confused:

IMO the ES holds nothing over oil, but w/ that said if it was 10x easier to trade the ES, then I'd be trading the ES...
 
Quote from brownsfan019:

You like trading markets that are difficult for you? It's 'more fun' to trade something more difficult?

:confused:

IMO the ES holds nothing over oil, but w/ that said if it was 10x easier to trade the ES, then I'd be trading the ES...
More...
just buy the ES dips (not that they happen much)for free money! lol. Governmenr ensure that this works.
There's a poster in the ES joiurnal that's been doing that everyday for about a year---- posted about 5 points profit everyday. Awesome!

Looking for something with a bit of volatility (such as CL) to trade alongside it.

Do you post calls, brownsfan? I've not been here long enough to know who's who.
 
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