SHORT oil HERE

Quote from jay gould:

Our Oil shorts finally triggered @ 54.70. short oil here.

JG, financier
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DJ OIL FUTURES: Crude In NY,Brent In London Hit Record Highs



NEW YORK (Dow Jones)--Crude oil futures in New York and Brent blend crude futures in London both soared to fresh record highs Friday, as supply concerns drove a scorching products rally.

Increased interest in the crude and refined products from hedge funds
supported the move higher, as traders bet oil prices would keep climbing toward $60 a barrel, market participants said.

Benchmark light, sweet crude oil futures for July rose as much as $2.02 to $58.60 a barrel on the New York Mercantile Exchange, topping the April 4 record high of $58.28.

Crude's back months traded at a hefty premium to July, with the December
contract hitting the highest price ever registered on a Nymex oil contract at
$60.40 a barrel, reflecting increased supply worries later this year.

In London, Brent crude for August rose $1.70 to $57.92 a barrel on the
International Petroleum Exchange, surpassing the record high of $57.57, also from April 4.

The rally in Nymex gasoline prices gained momentum Friday, extending last session's gains to push the July contract as high as $1.6500 a gallon, up 5.22 cents.

Nymex heating oil futures for the same month rose as much as 3.05 cents to $1.6560 a gallon. IPE heating oil futures for July settled at $529 a metric ton, up $15.25.

Oil prices have gained more than $5 a barrel this week, pushed up by rallying
gasoline and heating oil prices. U.S. gasoline inventories, while adequate,
have fallen in the past two weeks, while distillate stocks, which include
heating oil and diesel fuel, remain at below-average levels.

- By Leah McGrath Goodman, Dow Jones Newswires; 1-201-938-2062;

Leah.Goodman@dowjones.com

(END) Dow Jones Newswires

06-17-05 1448ET
 
Stop looks to be set at Chap 11. Lot of shorts feeling pain today I'm sure...

If it weren't for expiry, you'd think equities would be a lot lower...
 
"Inflation is well contained" - big Al Greenspan

his view of this is that you'll stop driving, and in turn you won't "feel" the inflation..net effect is zero.....

so...be happy
 
Quote from marketlutherzen:

i dont trade oil with time constraints. short oil here and expecting sub 50.

market l.
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Where are ya 'Surfer?

Cummon now, you are very quick to point out your successes. If you are still short you are taking a gnarley beatin'.

What happened on your trade?

tia

C
 
He posts daily on another website. He took a loss on his last short trade and went flat oil on June 20th. He's been out of the oil market since.

Aaron Schindler
Schindler Trading
 
Thanks for the update.

Also, there was a thread started about the same time that was quickly deleted, where he initiated a GOOG short.

Wonder what happened on that trade? If Surfer rode that one into the sunset, I can only hope he decided to take the rest of the Summer off from trading!

Good luck to all.

C

edit: I'll check out the other site.
 
Okay. Looks like Surfy got out of that GOOG short 6/20 too. And he probably did about no worse than b/e.

Pretty good times to close those trades.

Not too bad, M-S You didn't scare up winners, but you didn't go down in flames either!

Good trading to all.

C
 
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