ss 99.85
20t stop
20t stop
CL Redux
- Thread starter schizo
- Start date
out +28
KEY EVENTS TO WATCH FOR:
Friday, May 13, 2011
8:30 AM ET. April CPI
CPI (expected +0.4%; previous +0.5%)
CPI Core (expected +0.1%; previous +0.1%)
CPI Core, Unrounded (previous +0.14%)
CPI Energy Index (previous +3.5%)
CPI Food Index (previous +0.8%)
CPI Real Average Weekly Earnings (previous -0.5%)
CPI, Unrounded (previous +0.55%)
9:55 AM ET. May Thomson Reuters / University of Michigan Survey of Consumers preliminary
Sentiment Index Mid Month (expected 69.5; previous 69.6)
Expectations Index Mid Month (previous 61.2)
Value (Current Period) Mid Month (previous 82.7)
Friday, May 13, 2011
8:30 AM ET. April CPI
CPI (expected +0.4%; previous +0.5%)
CPI Core (expected +0.1%; previous +0.1%)
CPI Core, Unrounded (previous +0.14%)
CPI Energy Index (previous +3.5%)
CPI Food Index (previous +0.8%)
CPI Real Average Weekly Earnings (previous -0.5%)
CPI, Unrounded (previous +0.55%)
9:55 AM ET. May Thomson Reuters / University of Michigan Survey of Consumers preliminary
Sentiment Index Mid Month (expected 69.5; previous 69.6)
Expectations Index Mid Month (previous 61.2)
Value (Current Period) Mid Month (previous 82.7)
CL WeekEnd Libyan discount Phase
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When commented on Friday CLOSE , take it as relative value. The point is we may be entering a phase of 'WeekEnd Libyan discount' for CL ( opposite of what we usually have that is 'Weekend Premium in good old March/April months ...)
KID , Picasco et al any thoughts ...
for example:
case 1: by EOD EURO UP by 70 Pips and S&P up by 8 point , say close is expected like 101.0. From this value value of 101.0 , they can be Libyan discount of $1 from $101 to $100 ..
case 2: by the same token If CL is down due to EURO and S&P , $1 additional Down ( Libyan discount ) may be added by EOD.
Tomorrow Friday , CL may have WEAK CLOSE by EOD , one factor being RISK of holding CL over Week-end if Gaddafi leave/RUN breaks over week end ..
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http://english.aljazeera.net/video/africa/2011/05/20115139534241170.html
Jibril warned earlier that the council was facing a "very acute financial problem" and needed help from the US administration. Last week, Hillary Clinton, the US Secretary of State, said the Gaddafi regime's frozen assets in the United States would be used to help "the Libyan people".
Frozen assets
Around $30 billion dollars in Libyan assets have been frozen in the United States as a result of economic sanctions.
Jibril's visit comes as the Obama administration gradually steps up contacts with Gaddafi's opposition to better understand the movement before deciding on the extent of US assistance.
Robert Gates, the US defence secretary, has said the air war in Libya cost the United States roughly $750 million to date, more than the Pentagon's initial estimate of $604 million.
On Thursday, another senior rebel leader, Mustafa Abdul Jalil, met British Prime Minister David Cameron, who invited the NTC to open an office in London, its first foreign mission.
In Libya, Salah Badi, who commanded the rebel assault on Misurata's airport, said rebel positions were now only 10km from Zliten, the next main centre on the 215km coastal road from Misurata to Tripoli.
Canadian and British warships patrolling waters off Libya beat back an attack by an unspecified number of fast-moving small boats on the Misurata port hours after the city's airport fell to rebels, NATO said in a statement.
The Canadian frigate HMCS Charlottetown and British destroyer HMS Liverpool joined a French gunboat not under NATO command to turn back the pro-Gaddafi forces early Thursday, the alliance said.
-----------------------------------------
When commented on Friday CLOSE , take it as relative value. The point is we may be entering a phase of 'WeekEnd Libyan discount' for CL ( opposite of what we usually have that is 'Weekend Premium in good old March/April months ...)
KID , Picasco et al any thoughts ...
for example:
case 1: by EOD EURO UP by 70 Pips and S&P up by 8 point , say close is expected like 101.0. From this value value of 101.0 , they can be Libyan discount of $1 from $101 to $100 ..
case 2: by the same token If CL is down due to EURO and S&P , $1 additional Down ( Libyan discount ) may be added by EOD.
Tomorrow Friday , CL may have WEAK CLOSE by EOD , one factor being RISK of holding CL over Week-end if Gaddafi leave/RUN breaks over week end ..
----
http://english.aljazeera.net/video/africa/2011/05/20115139534241170.html
Jibril warned earlier that the council was facing a "very acute financial problem" and needed help from the US administration. Last week, Hillary Clinton, the US Secretary of State, said the Gaddafi regime's frozen assets in the United States would be used to help "the Libyan people".
Frozen assets
Around $30 billion dollars in Libyan assets have been frozen in the United States as a result of economic sanctions.
Jibril's visit comes as the Obama administration gradually steps up contacts with Gaddafi's opposition to better understand the movement before deciding on the extent of US assistance.
Robert Gates, the US defence secretary, has said the air war in Libya cost the United States roughly $750 million to date, more than the Pentagon's initial estimate of $604 million.
On Thursday, another senior rebel leader, Mustafa Abdul Jalil, met British Prime Minister David Cameron, who invited the NTC to open an office in London, its first foreign mission.
In Libya, Salah Badi, who commanded the rebel assault on Misurata's airport, said rebel positions were now only 10km from Zliten, the next main centre on the 215km coastal road from Misurata to Tripoli.
Canadian and British warships patrolling waters off Libya beat back an attack by an unspecified number of fast-moving small boats on the Misurata port hours after the city's airport fell to rebels, NATO said in a statement.
The Canadian frigate HMCS Charlottetown and British destroyer HMS Liverpool joined a French gunboat not under NATO command to turn back the pro-Gaddafi forces early Thursday, the alliance said.
this is what i see