CL Redux
- Thread starter schizo
- Start date
I'm surely temped to get long some outright contracts but I would like to wait for 95 just to be sure. In the mean time I'm just puttzing around with my 93/92 100/101 short strangle which is getting longer for me.
Mystery explosion at Iranâs Arak heavy water reactor http://www.debka.com/article/23412/
Iranian Atomic Council experts and intelligence agents are testing <b>four possible causes of the explosion:</b>
1. Sabotage.
2. A virus planted in the computers that control the systems administering the test.
3. An error in engineering calculations in the design of the coolant containers which underestimated their strength for standing up to the required level of pressure.
4. The deliberate sale to Iran of inferior steel materials that were not strong enough to withstand such pressure.
Last August, Iran informed the nuclear watchdog that the test with real fuel would be the final one before the reactor entered its running-in stage. <b>The damage caused by the explosion will have postponed that stage indefinitely.</b>
The Arak reactor, known as IR-40 and designed for a capacity of 40 megawatt,<b> is the cause of deep concern in Israel because it is capable of producing plutonium for use in nuclear bombs as an alternative to enriched uranium. </b>
Iranian Atomic Council experts and intelligence agents are testing <b>four possible causes of the explosion:</b>
1. Sabotage.
2. A virus planted in the computers that control the systems administering the test.
3. An error in engineering calculations in the design of the coolant containers which underestimated their strength for standing up to the required level of pressure.
4. The deliberate sale to Iran of inferior steel materials that were not strong enough to withstand such pressure.
Last August, Iran informed the nuclear watchdog that the test with real fuel would be the final one before the reactor entered its running-in stage. <b>The damage caused by the explosion will have postponed that stage indefinitely.</b>
The Arak reactor, known as IR-40 and designed for a capacity of 40 megawatt,<b> is the cause of deep concern in Israel because it is capable of producing plutonium for use in nuclear bombs as an alternative to enriched uranium. </b>
you might have tired with my News posts, here is a TA side of me for a change.
OIL Possible Consolidation 92 - 97
-----------------------------------------
When market enter 'new Price area' , Markets look for RECENT HISTORIC prices references to this 'new Price Area' .
Based on this theory, we may have OIL consolidate in 92 - 97 area for SOME TIME based on this 92 - 97 area Consolidation OIL traded most Part of MAY and JUNE ( recent Historic Prices of similar Range ).
This consolidation prediction is based on the assumption OIL settle 'Short term bottom around 92' ( which we know this week ).
Chart is as of 'FRIDAY Market Close' from the entry I posted on other forum, but chart is still valid .
Please feel free to post your comments .........
OIL Possible Consolidation 92 - 97
-----------------------------------------
When market enter 'new Price area' , Markets look for RECENT HISTORIC prices references to this 'new Price Area' .
Based on this theory, we may have OIL consolidate in 92 - 97 area for SOME TIME based on this 92 - 97 area Consolidation OIL traded most Part of MAY and JUNE ( recent Historic Prices of similar Range ).
This consolidation prediction is based on the assumption OIL settle 'Short term bottom around 92' ( which we know this week ).
Chart is as of 'FRIDAY Market Close' from the entry I posted on other forum, but chart is still valid .
Please feel free to post your comments .........
I pretty much agree with you IV a month ago I was thinking a range of 96 to 106 for a couple months but with demand dwindling and the dollar rocking (should be short lived) a range of 92 to 98 looks like the money play over the winter as long as the Arabs keep it in their pants. I'm looking (hoping?!?) for a bounce to the mean 96ish before we bottom out. Again IV could be a great tell if we get two steady up days on top of rising IV that's telling me everyone else is thinking the same thing about new lows.