FORUMS BROKERS SOFTWARE
Home
 
    Forums > Trading for a Living > Journals > CL Redux

Old Jul 2nd, 2012, 01:51 PM   #30697
InvestVision
Registered User
 
Join Date: Sep 2008
Location: Silicon Vally
Posts: 2,721
here it is http://www.marketwatch.com/story/oil...ing-2012-07-02

Oil falls 2% on disappointing economic data
Investors worry about China, U.S. weak manufacturing

The final reading of HSBC’s China manufacturing Purchasing Managers’ Index for June showed the gauge slipping to 48.2, down from 48.4 in May. It exceeded a preliminary estimate of 48.1, but it was the lowest level since March 2009. Read more on China's PMI.

Chinese economic data “dampened the mood,” early on, analysts at JBC said in a note to clients Monday.


Quote:
Quote from riskaddict:

maybe so but what about the China problem?
    Quote
Old Jul 2nd, 2012, 02:56 PM   #30698
plyka
 
 
Join Date: Nov 2007
Posts: 182
Quote:
Quote from EON Kid:

it was released at 6:30pm Iranian local time, that's a late lunch
LOL, as a persian myself, i can tell you that 630pm is far closer to lunch than dinner.
    Quote
Old Jul 3rd, 2012, 05:02 AM   #30699
InvestVision
Registered User
 
Join Date: Sep 2008
Location: Silicon Vally
Posts: 2,721
Iran won’t endure West's sanctions

http://www.marketwatch.com/story/ira...=mw_home_kiosk

Commentary: Hyperinflation will pit people against regime that caused it

Two Iranian admissions of the sanctions’ effectiveness, one from above, the other from below, emerged in recent days.

The first came last week in Moscow, when Mohammad Ali Emadi, an executive for National Iranian Oil Co., told reporters that Iranian oil output has dropped in the wake of the sanctions by “20% to 30%.” That translates to a daily loss of at least $37 million and possibly more than $50 million. This admission followed previous Iranian denials that the sanctions were having any effect.

The other admission rose from the Iranian bazaar, where, via social networks, shoppers recently declared a three-day boycott of bread and milk to protest soaring prices. As The Wall Street Journal reported last week, responses to the campaign have been palpable and people discussed them openly.

Lurking behind these two reports are deep structural problems. The first is energy’s disproportionate share of the Iranian economy, and the second is the failure of President Mahmoud Ahmedinejad’s price reform 18 months ago.
    Quote
Old Jul 3rd, 2012, 06:30 AM   #30700
InvestVision
Registered User
 
Join Date: Sep 2008
Location: Silicon Vally
Posts: 2,721
short 8520
    Quote
Old Jul 3rd, 2012, 07:44 AM   #30701
InvestVision
Registered User
 
Join Date: Sep 2008
Location: Silicon Vally
Posts: 2,721
add 8592
Quote:
Quote from InvestVision:

short 8520
    Quote
Old Jul 3rd, 2012, 08:19 AM   #30702
riskaddict
 
 
Join Date: Oct 2006
Location: East Coast
Posts: 2,029
I'm waiting for 86.50 to get more short and if it doesn't come that's ok to. Right now i'm only short 1 contract and 1 87 call I sold at 1.50. on the other side i'm short the 80 and 81 puts. I'm guessing everyone is on vacation so maybe we'll get some more wild swing with the low volume. I would love for it to take a week to go back to 81.
    Quote
 
Reply
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
AMP Global Clearing
Futures and FX Trading
Collective2
Automated Trading Services
CTS
Futures Trading Software
dom993trading.com
NinjaTrader Consulting
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
NinjaTrader
Trading Software Provider
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thenut-trader.com
FX, Gold, & Stock Signals
TradersStudio
System Building & Backtesting
Tradier
Equity and Options Trading
Trading Technologies
Trading Software Provider