CL Redux
- Thread starter schizo
- Start date
http://af.reuters.com/article/cameroonNews/idAFN2932270320110329
"The complex maintained a downward course that began last Friday with
the market responding at least partially to expectations that Libyan oil
exports could be resumed to at least some degree as opposition forces take
control of some key oil ports," Jim Ritterbusch, president at Ritterbusch &
Associates, said in a research note.
Ritterbusch cautioned that he sees, "such a development as heavily
challenged by operational, legal and various logistical issues," but he
noted a, "shift in market psychology that is forcing some liquidation out
of the oil market."
* Europe's prospects of receiving Libyan oil shipments would be weeks
away even if rebels were quickly removed from the international sanctions
list, as big buyers say shipping and legal risks remain a concern.
[ID:nLDE72R1X7]
* Saudi Arabia plans to boost oil rigs by 28 percent. Two Saudi
officials told Reuters that the extra rigs would maintain rather than
increase capacity. [ID:nN28209969]
* Plutonium found in soil at the Fukushima nuclear complex heightened
alarm over Japan's battle against the world's worst nuclear power crisis in
25 years, as pressure mounted on the prime minister to widen an evacuation
zone. [ID:nL3E7ET0PZ]
* Yemeni protesters demanding the ouster of President Ali Abdullah
Saleh said they would insist he leave power soon. [ID:nLDE72S111]
* Tens of thousands of Syrians held pro-government rallies as President
Bashar al-Assad was expected to address the nation after two weeks of
democracy protests. [ID:nLDE72S0K2]
* Saudi Arabia is printing 1.5 million copies of an edict by religious
scholars outlawing protests in the kingdom as un-Islamic, the state news
agency said. [ID:nLDE72S097]
"The complex maintained a downward course that began last Friday with
the market responding at least partially to expectations that Libyan oil
exports could be resumed to at least some degree as opposition forces take
control of some key oil ports," Jim Ritterbusch, president at Ritterbusch &
Associates, said in a research note.
Ritterbusch cautioned that he sees, "such a development as heavily
challenged by operational, legal and various logistical issues," but he
noted a, "shift in market psychology that is forcing some liquidation out
of the oil market."
* Europe's prospects of receiving Libyan oil shipments would be weeks
away even if rebels were quickly removed from the international sanctions
list, as big buyers say shipping and legal risks remain a concern.
[ID:nLDE72R1X7]
* Saudi Arabia plans to boost oil rigs by 28 percent. Two Saudi
officials told Reuters that the extra rigs would maintain rather than
increase capacity. [ID:nN28209969]
* Plutonium found in soil at the Fukushima nuclear complex heightened
alarm over Japan's battle against the world's worst nuclear power crisis in
25 years, as pressure mounted on the prime minister to widen an evacuation
zone. [ID:nL3E7ET0PZ]
* Yemeni protesters demanding the ouster of President Ali Abdullah
Saleh said they would insist he leave power soon. [ID:nLDE72S111]
* Tens of thousands of Syrians held pro-government rallies as President
Bashar al-Assad was expected to address the nation after two weeks of
democracy protests. [ID:nLDE72S0K2]
* Saudi Arabia is printing 1.5 million copies of an edict by religious
scholars outlawing protests in the kingdom as un-Islamic, the state news
agency said. [ID:nLDE72S097]
Today price action resembling yesterday's
We may have retest of 103.50 , but it will test patience to hold draw downs
We may have retest of 103.50 , but it will test patience to hold draw downs
.Out of everything @ 104.20 - Now v small profit for the day yay!
103.49 is the 61% fib retracement (low to high) for today........
I am new to the markets; does CL usually hit 61.8 retracement during the day. I hope not. I am long 2 at 104.24.