CL Redux

[Visaria]

out at 8880

 

[Visaria]

short again, but v small position at 8880

 

[EON Kid]

Israel military calls on Gaza citizens to evacuate immediately

It could be Hammer time

 

[Visaria]

bot some euros as a hedge against the oil position

 

[Visaria]

Quote from Visaria:

short again, but v small position at 8880

out 60

 

[Tonkadad]

Quote from Visaria:

bot some euros as a hedge against the oil position

Stupid question time, why long euros.

 

[startraitor]

Looks like $86.33

 

[Visaria]

Quote from startraitor:

Looks like $86.33

Grrr...i just KNEW this thing would collapse, i had an order to buy back at 8800, instead chickened out and covered at 8860.

 

[Visaria]

Quote from Tonkadad:

Stupid question time, why long euros.

well, the theory is if the dollar goes up, the oil price goes down so i bought euros against dollars (or sold dollars v euros) as a hedge against my short oil position.

So if the dollar went up, i would lose on my euros but gain on my short crude.

As it happened, the theory is suspect since the dollar went down and oil went with it.

 

[startraitor]

shot to 87.60