CL Redux

Quote from schizo:

Too damn strong. Plus all the shorties like me are running for cover. I totally miscalculated the move today. I think we'll likely close near the high.
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Yep looks to strong, I'll look to sell lower, after some weakness if there is any
 
There's a bit of political posturing in the air. Uncle Bernie announced that he could begin raising the interest rate, which everyone knows to be a joke. Just exactly when that would be he will never answer in the affirmative except to say "at some point".

Quote from heech:

Not the only one. I don't know what's moving the markets the last two days, but it's nothing I like. I hate being thrown around like this, even when EIA isn't in the picture.
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Theres no question of raising interest rates not before next positive advance GDP figures and job growth in the green.

And do understand the raising of interest rates does not automatically translates into lowering of commodities and indexes especially when confidence is improving and alot of money is on the sidelines. Any interest rate hike after 6 months would only cause a 5% pullback and nothing else
 
Quote from owusu:

short 74.60

will probably hold until tomorrow. looking to get out at 73.50
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The next obvious target is 75.70 area or thereabout. I might be wrong (yet again) but be careful.
 
I felt pretty good jumping on the bandwagon near the bottom but never managed to hang on for the entire journey. In the end, I finished the day in red. I can only say that these short-covering rallies are brutal.
 

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