CL Redux

Discussion in 'Journals' started by schizo, Oct 9, 2009.

  1. out 1 at 104.37; tgt on last one at .49
     
    #18591     Mar 29, 2011
  2. seems two paths here for next 1 hour
    A) double top to 104.80 then reversal
    B) reversal from 104.50

     
    #18592     Mar 29, 2011
  3. Visaria

    Visaria

    i reckon we'll see new highs, probably 105.
     
    #18593     Mar 29, 2011
  4. sold 1 at .57; stop at .71
     
    #18594     Mar 29, 2011
  5. how long does it usually take for a post to show up? I believe I posted at least 7 minutes ago, still no post. Thanks.
     
    #18595     Mar 29, 2011
  6. add 104.61
     
    #18596     Mar 29, 2011
  7. zxd

    zxd

    Short 104.75 if we hit it, stop 105.50, target 103.50
     
    #18597     Mar 29, 2011
  8. http://www.bloomberg.com/news/2011-...st-level-in-week-on-libyan-rebel-advance.html

    “The market’s just kind of trading sideways waiting for some other piece of information, either news that the economy is worse or is going to get better or some other shoe to drop on the production side, such as will some other country become involved,” said Adam Sieminski, chief energy economist at Deutsche Bank in Washington.

    “The biggest thing is Libya,” said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts. “When the rebels go west, the price goes down, and when the rebels go east, the price goes up.

    There’s also a little bit of concern about Japan and whether we’re going to see longer-term economic damage from radiation contamination.”


    ------------
    Libya Can Tap $7 Billion in Gold Reserves for War: Chart of the Day
    http://www.bloomberg.com/news/2011-...n-gold-reserves-for-war-chart-of-the-day.html

    “He has all that gold? It’s probably in the central bank of Libya,” said Faraj Najem, a London-based Libyan writer and historian. “He has plenty of cash and if he’s got gold, it’s even better since he can pay mercenaries in a commodity that is easily exchangeable.”

    The North African nation is sitting on 143.8 metric tons of gold at a time the price of the precious metal has fluctuated near a record high of $1,448.60 an ounce. Libya is the fourth- biggest holder of gold in the Middle East and Africa.
     
    #18598     Mar 29, 2011
  9. alright bears lets get our shit together and pound away. We can't let this 30 min bar close above the daily pivot or we are toast.
     
    #18599     Mar 29, 2011
  10. why are my posts not showing up? Is it because I am new?
     
    #18600     Mar 29, 2011