Oil hits $64/barrel, market doesn't care
- Thread starter DeepFried
- Start date
Right now it looks like the price of crude is being manipulated up by the powers that be, mate.
Nobody I know thinks oil can sustain this recent increase,... savy?
Market knows this price level is temporary
Nobody I know thinks oil can sustain this recent increase,... savy?
Market knows this price level is temporary
I have a sophisticated system in place that delivers very few signals, but these few are very accurate (>80%).
Input is tick data, signals are for a longer timeframe.
According to it, the market should reach a mid/long term top now or within the next 2 weeks.
As a position trade, I sell rel small size into the rally, add on the way up and a larger portion once it starts to drop off.
Input is tick data, signals are for a longer timeframe.
According to it, the market should reach a mid/long term top now or within the next 2 weeks.
As a position trade, I sell rel small size into the rally, add on the way up and a larger portion once it starts to drop off.
Quote from DeepFried:
And because the Black Pearl doesn't need oil, Jack Sparrow will be be ideally positioned to seize more loot!
That's Captain Jack Sparrow...if you please
Yeah right, and that's why oil futures are in contango out through 2007?
Incidentally a year and a half ago, crude futures were deeply backwardated. At that point traders really did think that oil price levels were temporary. Does that mean that the stock market wasn't fixated on oil in summer 04?
Martin