CL Redux

should be a FTT any minute


"I'm fishing for marlin, not herring." gov

 

You'da man!!!

I saw that trade, but had an acute attack of same-pricitis

 

If you're on the wrong side of the trade, just wait a minute and you're good to go. Kidding, but also true

 

Absolutely true! Pull the stops, boys! Just pick a side and wait for price to come to some random target of 10-20 ticks.

???

 

ES to 1300 and CL is a lame POS

 

"It's triangulating!" she says, tearing out of the room with tail between legs.

 

Let's speculate: I say measured move up to 92.98.

 

Was more in sync with the indices earlier but now it's on it's own. You know CL.

 

Suez Canal

About 2.5 percent of global oil production is shipped through Egypt via the Suez Canal and the adjacent Suez- Mediterranean Pipeline, according to a Goldman Sachs Group Inc. report today. The canal has the capacity to handle 2.2 million barrels of oil a day while that of the Sumed oil pipeline is 2.3 million barrels a day, Goldman said.

Ships are passing normally through the canal, which is handling 45 to 50 vessels a day, said Ahmed El Manakhly, the head of traffic for the Suez Canal Authority, the waterway’s operator. He called the volume “normal.”

The Organization of Petroleum Exporting Countries would increase output if current unrest in Egypt disrupts supplies of crude from the Middle East, Secretary-General Abdalla el-Badri said in London.

“If we see a real shortage we will have to add,” he said. OPEC would act if supply was reduced by one million barrels a day or more, he said.

http://www.businessweek.com/news/20...o-year-high-in-n-y-on-egypt-unrest-brent.html