Wound up tighter than a banjo string right here. I will keep trading it to the long side through Easter, $110 by then easy, maybe even this week, heat is to 97 so have some brass monkeys.
CL Redux
- Thread starter schizo
- Start date
sim trade update ( will post acct running balance etc. Later )
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Trade#2
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Entry: Long 103.30 , lots: 2 ( may contract )
Time : 03-18-11 04:21 AM
Reason: a) price retraced $1 from today high , this UN no-fly event may have $1.5 upside from these levels in a day or two
B) japan nikkei stabilising and s&p seems recovering from japan shock at 1285 level from 1260 levels
Exit: close Long 103.90 , lots: 2 ( may contract )
Time : 03-21-11 12:41 AM
Reason: a) got good pop up from the Friday lows 101 , time to take profit
Drawdown : $2.30
Profit: $0.60 -->> $1200/ 2 lots
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Trade#2
----------
Entry: Long 103.30 , lots: 2 ( may contract )
Time : 03-18-11 04:21 AM
Reason: a) price retraced $1 from today high , this UN no-fly event may have $1.5 upside from these levels in a day or two
B) japan nikkei stabilising and s&p seems recovering from japan shock at 1285 level from 1260 levels
Exit: close Long 103.90 , lots: 2 ( may contract )
Time : 03-21-11 12:41 AM
Reason: a) got good pop up from the Friday lows 101 , time to take profit
Drawdown : $2.30
Profit: $0.60 -->> $1200/ 2 lots
Ema50. http://bit.ly/gExno1
http://www.marketwatch.com/story/oil-futures-gain-on-libyan-uncertainty-2011-03-21?dist=beforebell
âOil prices are likely to remain elevated while the situation in the Middle East and North Africa remains volatile. The key remains Saudi Arabia, where the news has at least not been any worse over the past week,â analysts at the National Australian Bank said in a note Monday.
There were reports that pro-democracy protests spread to Syria on the weekend, where clashes with government forces led to several deaths. Read more about the Libyan & surrounding conflicts.
While the focus was firmly on developments in North Africa and the Middle East on Monday, efforts to contain the nuclear disaster in Japan continued.
Japan
--------
While the focus was firmly on developments in North Africa and the Middle East on Monday, efforts to contain the nuclear disaster in Japan continued.
- There were some signs of stabilization at the Fukushima Daiichi nuclear power plant on Monday, with news that temperatures at the six spent fuel storage pools had been reduced to below boiling point, according to reports.
- The post-quake reconstruction in Japan may have an impact on crude prices, as the rebuilding efforts are expected to increase oil demand given the extent of infrastructure damage, according to analysts at Nomura.
http://www.marketwatch.com/story/oil-futures-gain-on-libyan-uncertainty-2011-03-21?dist=beforebell
âOil prices are likely to remain elevated while the situation in the Middle East and North Africa remains volatile. The key remains Saudi Arabia, where the news has at least not been any worse over the past week,â analysts at the National Australian Bank said in a note Monday.
There were reports that pro-democracy protests spread to Syria on the weekend, where clashes with government forces led to several deaths. Read more about the Libyan & surrounding conflicts.
While the focus was firmly on developments in North Africa and the Middle East on Monday, efforts to contain the nuclear disaster in Japan continued.
Japan
--------
While the focus was firmly on developments in North Africa and the Middle East on Monday, efforts to contain the nuclear disaster in Japan continued.
- There were some signs of stabilization at the Fukushima Daiichi nuclear power plant on Monday, with news that temperatures at the six spent fuel storage pools had been reduced to below boiling point, according to reports.
- The post-quake reconstruction in Japan may have an impact on crude prices, as the rebuilding efforts are expected to increase oil demand given the extent of infrastructure damage, according to analysts at Nomura.
