Dixie is in the sink, that's all you need to know :eek:
CL Redux
- Thread starter schizo
- Start date
add to short 111.06 , target 110.61
Boy this is hurting , last few days so much drop after pit session , today the other way.
let us see the OIL runup factors here
1/ It seems major part of this move is with ERUO rally ( last couple of hours )
2/ Libya (Thursday news)and is over played , the cat and mouse between rebels and gaddafi forces seems over played except this time gaddafi forces attacking oil facilities to STOP rebles from exporting oil and now big OIL traders see this as coming big damage to Libyan OIL infrastructure .
3/ Libyan rebels and citizens flee Ajdabiya ( new one )
This shows gaddafi is closing all cities except Bengazi .. the POPs OIL
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http://english.aljazeera.net/news/africa/2011/04/2011480523612561.html#
Libyan rebels and citizens flee Ajdabiya
Turkey offers a "roadmap" to end the conflict as apparent NATO friendly fire causes opposition retreat in east.
Boy this is hurting , last few days so much drop after pit session , today the other way.
let us see the OIL runup factors here
1/ It seems major part of this move is with ERUO rally ( last couple of hours )
2/ Libya (Thursday news)and is over played , the cat and mouse between rebels and gaddafi forces seems over played except this time gaddafi forces attacking oil facilities to STOP rebles from exporting oil and now big OIL traders see this as coming big damage to Libyan OIL infrastructure .
3/ Libyan rebels and citizens flee Ajdabiya ( new one )
This shows gaddafi is closing all cities except Bengazi .. the POPs OIL
----
http://english.aljazeera.net/news/africa/2011/04/2011480523612561.html#
Libyan rebels and citizens flee Ajdabiya
Turkey offers a "roadmap" to end the conflict as apparent NATO friendly fire causes opposition retreat in east.
somebody says the pop is due to EURO pop
other says Libyan gaddafi capture of oil fields back and firing
another say Saudi ( see below )
nobody knows the real factors
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Crude oil climbs above $111 a barrel
http://www.marketwatch.com/story/crude-oil-climbs-above-111-a-barrel-2011-04-08
SYDNEY (MarketWatch) -- Oil futures climbed over $111 a barrel in Nymex electronic trading, recently trading up 76 cents at $111.06 a barrel in Asian hours midday Friday. It closed at a 30-month high in regular trading in New York on Thursday.
"We think markets are somewhat confused as to what is going on with Saudi production and whether, in fact, it is being ramped up to the full extent possible in order to offset the Libyan production shortfall," said energy analysts at MF Global. "Until more data comes in, we suspect the markets will be relatively well-bid for at least several more weeks to come," they said.
other says Libyan gaddafi capture of oil fields back and firing
another say Saudi ( see below )
nobody knows the real factors
----
Crude oil climbs above $111 a barrel
http://www.marketwatch.com/story/crude-oil-climbs-above-111-a-barrel-2011-04-08
SYDNEY (MarketWatch) -- Oil futures climbed over $111 a barrel in Nymex electronic trading, recently trading up 76 cents at $111.06 a barrel in Asian hours midday Friday. It closed at a 30-month high in regular trading in New York on Thursday.
"We think markets are somewhat confused as to what is going on with Saudi production and whether, in fact, it is being ramped up to the full extent possible in order to offset the Libyan production shortfall," said energy analysts at MF Global. "Until more data comes in, we suspect the markets will be relatively well-bid for at least several more weeks to come," they said.
A buck pullback is in the cards but it is Friday.
Short 111.41 $1.00 stop.
