Short 100.35
CL Redux
- Thread starter schizo
- Start date
So boring - rangebound and could break big either way. Stepping away from my desk so will put Stop in at 100.35 (B/E) and see what happens!
Good day all.
Ooops i posted the wrong link (from the same site). I think this article is pretty informative.
(this is an older article from the same site - but note that both articles are written by different authors)
http://www.marketoracle.co.uk/Article26578.html
Obviously DYOR! im not calling the market based on this research - just liked the write-up....
short 101.15 , add 3
Stopped out at B/E
my comments are in <<<<< >>>>> on the news articles ..
Libya
--------
http://www.cnn.com/2011/WORLD/africa/03/02/libya.conflict/index.html?hpt=T1
The amphibious assault ship USS Kearsarge and the amphibious transport dock USS Ponce were being repositioned in the Mediterranean to "provide us a capability for both emergency evacuations and also for humanitarian relief," U.S. Defense Secretary Robert Gates told reporters. But, he noted, the U.N. Security Council has not authorized the use of armed force.
<<<<< ( US mention of U.N. not authorized armed force indicating , US do not want to take unilateral military action ) >>>>
Saudi Arabia
----------------
http://www.businessweek.com/news/20...-high-on-concern-libya-unrest-may-spread.html
Saudi Arabiaâs Tadawul All Share Index dropped 2.6 percent today, taking declines this week to 14 percent.
<<<< ( Saudi stock market is still declining after previous day 7% drop indicating FEAR of possible unrest spill into Saudi Arabia, a factor to keep OIL support above $99 today ) >>>>
âWith the shut-downs in Libya and possibility for more in other producing areas, the potential for a rise to $130, $140 is of course there,â said Gerrit Zambo, a trader at Bayerische Landesbank in Munich. âYou canât rule out that we might see this same unrest in Saudi Arabia.â
Record Gasoline Prices
-----------------------------------
Prices in the U.K. surged past 130 pence a liter ($8 a gallon) yesterday for the first time, according to the Automobile Association, the nationâs largest motoring organization.
<<< - Boy $8 a gallon gasoline in UK ??? US folks please stop complaining about our $3.75 gallon price .
- in US if gasoline reach $5 , Obama has to do what ever it takes to bring it down ( wars etc.. ) that will be pressure from US people
- this $8 EU price shows , Europe not US is in hurry to bring military action in Libya asap and bring down prices at Pump )
>>>>
Libya
--------
http://www.cnn.com/2011/WORLD/africa/03/02/libya.conflict/index.html?hpt=T1
The amphibious assault ship USS Kearsarge and the amphibious transport dock USS Ponce were being repositioned in the Mediterranean to "provide us a capability for both emergency evacuations and also for humanitarian relief," U.S. Defense Secretary Robert Gates told reporters. But, he noted, the U.N. Security Council has not authorized the use of armed force.
<<<<< ( US mention of U.N. not authorized armed force indicating , US do not want to take unilateral military action ) >>>>
Saudi Arabia
----------------
http://www.businessweek.com/news/20...-high-on-concern-libya-unrest-may-spread.html
Saudi Arabiaâs Tadawul All Share Index dropped 2.6 percent today, taking declines this week to 14 percent.
<<<< ( Saudi stock market is still declining after previous day 7% drop indicating FEAR of possible unrest spill into Saudi Arabia, a factor to keep OIL support above $99 today ) >>>>
âWith the shut-downs in Libya and possibility for more in other producing areas, the potential for a rise to $130, $140 is of course there,â said Gerrit Zambo, a trader at Bayerische Landesbank in Munich. âYou canât rule out that we might see this same unrest in Saudi Arabia.â
Record Gasoline Prices
-----------------------------------
Prices in the U.K. surged past 130 pence a liter ($8 a gallon) yesterday for the first time, according to the Automobile Association, the nationâs largest motoring organization.
<<< - Boy $8 a gallon gasoline in UK ??? US folks please stop complaining about our $3.75 gallon price .
- in US if gasoline reach $5 , Obama has to do what ever it takes to bring it down ( wars etc.. ) that will be pressure from US people
- this $8 EU price shows , Europe not US is in hurry to bring military action in Libya asap and bring down prices at Pump )
>>>>
out 100.65