Where is everybody ? Vacation
CL Redux
- Thread starter schizo
- Start date
NYMEX-Crude slips on Libya rebel gains, dollar
http://af.reuters.com/article/cameroonNews/idAFN2833313220110328
* Libyan rebels regain control of some oil infrastructure
* Qatar first Arab nation to recognize Libya rebel body
* Coming up: API oil inventory data, 4:30 p.m. EDT Tuesday
NEW YORK, March 28 (Reuters) - U.S. crude oil futures
prices fell on Monday on Libya's rebels successes against
forces loyal to Muammar Gaddafi, the a stronger dollar and
continued concern about demand from Japan.
A stronger dollar can pressure oil prices by making
dollar-denominated commodities more expensive for those using
other currencies.
Recent trading volatility and both supply and demand
uncertainty surrounding Middle East unrest, Libya, quake-hit
Japan and euro zone economic growth have contributed to trading
volumes being well below the 30-day averages.
* Qatar became the first Arab country to recognize Libya's
rebels as the people's sole legitimate representative, a day
after a senior Libyan rebel official said Qatar had agreed to
market crude oil produced from east Libyan fields no longer
under the control of leader Muammar Gaddafi. [ID:nLDE72R0XH]
* Yemeni talks on a transition from President Ali Abdullah
Saleh's rule have stalled, but sources close to the discussions
say a deal is still within reach. [ID:nLDE72R0JA]
* Syrian security forces opened fire on hundreds of
demonstrators chanting against emergency laws in the southern
city of Deraa, a witness said. [ID:nLDE72R0XJ]
* Bahrain's foreign minister said it was "completely
untrue" that Kuwait would mediate to resolve Bahrain's
political crisis.
* The United Arab Emirates, Saudi Arabia, Kuwait and Angola
stepped in to fill in Libya's oil supply gap, the UAE OPEC
governor Ali Obaid al-Yabhouni said. [ID:nWEA1145]
MARKETS NEWS
MARKETS NEWS
* The euro eased after a state election loss by Germany's
ruling party raised doubts about the tackling of Europe's debt
crisis, The dollar index .DXY, measuring the greenback
against a basket of currencies, was up. [FRX/]
* Copper prices stumbled as renewed worries about Japan,
unrest in the Middle East and rising stocks persuaded investors
to retreat from assets perceived to be risky. [MET/L]
* U.S. stock index futures pointed to a slightly higher
open on Wall Street but world stock markets were under pressure
from reports of soaring radiation levels in Japan's destroyed
nuclear reactors and continued worry over unrest in the Middle
East and Libya. [MKTS/GLOB]
* Gold fell more than 1 percent as the dollar rose against
a basket of currencies and buying interest linked to recent
violence across the Middle East ran out of steam. [GOL/]
http://af.reuters.com/article/cameroonNews/idAFN2833313220110328
* Libyan rebels regain control of some oil infrastructure
* Qatar first Arab nation to recognize Libya rebel body
* Coming up: API oil inventory data, 4:30 p.m. EDT Tuesday
NEW YORK, March 28 (Reuters) - U.S. crude oil futures
prices fell on Monday on Libya's rebels successes against
forces loyal to Muammar Gaddafi, the a stronger dollar and
continued concern about demand from Japan.
A stronger dollar can pressure oil prices by making
dollar-denominated commodities more expensive for those using
other currencies.
Recent trading volatility and both supply and demand
uncertainty surrounding Middle East unrest, Libya, quake-hit
Japan and euro zone economic growth have contributed to trading
volumes being well below the 30-day averages.
* Qatar became the first Arab country to recognize Libya's
rebels as the people's sole legitimate representative, a day
after a senior Libyan rebel official said Qatar had agreed to
market crude oil produced from east Libyan fields no longer
under the control of leader Muammar Gaddafi. [ID:nLDE72R0XH]
* Yemeni talks on a transition from President Ali Abdullah
Saleh's rule have stalled, but sources close to the discussions
say a deal is still within reach. [ID:nLDE72R0JA]
* Syrian security forces opened fire on hundreds of
demonstrators chanting against emergency laws in the southern
city of Deraa, a witness said. [ID:nLDE72R0XJ]
* Bahrain's foreign minister said it was "completely
untrue" that Kuwait would mediate to resolve Bahrain's
political crisis.
* The United Arab Emirates, Saudi Arabia, Kuwait and Angola
stepped in to fill in Libya's oil supply gap, the UAE OPEC
governor Ali Obaid al-Yabhouni said. [ID:nWEA1145]
MARKETS NEWS
MARKETS NEWS
* The euro eased after a state election loss by Germany's
ruling party raised doubts about the tackling of Europe's debt
crisis, The dollar index .DXY, measuring the greenback
against a basket of currencies, was up. [FRX/]
* Copper prices stumbled as renewed worries about Japan,
unrest in the Middle East and rising stocks persuaded investors
to retreat from assets perceived to be risky. [MET/L]
* U.S. stock index futures pointed to a slightly higher
open on Wall Street but world stock markets were under pressure
from reports of soaring radiation levels in Japan's destroyed
nuclear reactors and continued worry over unrest in the Middle
East and Libya. [MKTS/GLOB]
* Gold fell more than 1 percent as the dollar rose against
a basket of currencies and buying interest linked to recent
violence across the Middle East ran out of steam. [GOL/]
Add 104.68
So which way is this big-ass wedge breaking? I've been waiting to short at 104.44 or so for a while now . . .
Down would nice but buy stops in place above .85 justincase
so many of us retail trades are already short or waiting to short , so the MMs don't have much incentive to drop now and handover all the money to these retail traders.
that why so much wait time around this 104.60 level
if they pull up to 105.20 , get all the stops then they can let it take the natural slide since all the short are taken out they can drop with out paying big bill
15 min 3 day chart , 104.80 is last 2 session support is now resistance , very clean chart
http://bit.ly/hQHMIe
that why so much wait time around this 104.60 level
if they pull up to 105.20 , get all the stops then they can let it take the natural slide since all the short are taken out they can drop with out paying big bill
15 min 3 day chart , 104.80 is last 2 session support is now resistance , very clean chart
http://bit.ly/hQHMIe
Looking at the profile this week I see a magnet around 102.9 which isn't that far away. Anything above 105.50 will finally blow the top off 107. If we just bounce between 105 and 103 we should all make some filthy money!! Except for the straddle I put on Friday 