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that is the $1000 question since API was bearish for price is that "baked in" and if EIA number is even neutral will it just shoot back up? Or will another big build be the straw that breaks the camel's back? I have an order to add a short at 75.95 and cover all at 74.30. Above 77... Stops em' out.
Nah, decided to go long 10 and hold thru the report. I mean, come on, whatever profit target I put in will be lifted at some point in the 30 seconds following the report, no?
Hey guys, I did a search on ET, but didn't come up with anything satisfactory, so thought I would ask here if anyone has tried their hand trading Brent, and what their impression of it versus CL is. I know they have a few Brent derivative products at nymex, and at least that main one on ICE. Just curiosity about fills/slippage, liquidity, hours of activity, how close they track, just general stuff about our neighborly north sea contract and how it differs from CL. Thanks.