CL Redux

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

  1. Still long ... sell limit 111, stop loss 102.40
     
    #18851     Mar 31, 2011
  2. <b>Oil Surges to End Quarter at Two-and-a-Half Year High on Conflict in Libya</b>
    By Margot Habiby - Mar 31, 2011 1:40 PM PT

    http://www.bloomberg.com/news/2011-...rterly-increase-on-libyan-supply-concern.html

    Oil surged in New York to end the quarter at the highest price in two and a half years amid concern that the Libyan conflict will prolong production cuts.

    <b>Prices rose 2.4 percent after troops loyal to Libyan leader Muammar Qaddafi retook control of the oil port of Ras Lanuf and were shelling Brega, another energy hub. </b> Libyan oil production dropped 72 percent in March to a 49-year low, according to a Bloomberg News survey of oil companies, producers and analysts.

    “Events in the Middle East, particularly the fighting that continues to be going on in Libya, are providing support for the market,” said Gene McGillian, an analyst and broker at Tradition Energy in Stamford, Connecticut. <b>“The market seems to be searching for a catalyst to continue the rally. </b>”

    Crude for May delivery climbed $2.45 to $106.72 a barrel, the highest settlement since Sept. 26, 2008, on the New York Mercantile Exchange. Futures surged 17 percent from January through March, the best quarter since the period ended in June 2009.

    <b>Oil rose 10 percent in March for a seventh straight monthly gain. That’s the longest consecutive number of increases </b>since the contract started trading in 1983.

    Whatever Libyan news there is, is in the market,” said John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund that focuses on energy. <b>“We’re now approaching the recent highs for this move. Let’s see if we can blow through $107 and head higher.”</b>
     
    #18852     Mar 31, 2011
  3. NoDoji

    NoDoji

    So I'm a few hours off. Some day I'll hold a position "long term" :p
     
    #18853     Mar 31, 2011
  4. rt5909

    rt5909

    short 107.54
     
    #18854     Mar 31, 2011
  5. My stop kinda expired :(
     
    #18855     Mar 31, 2011
  6. rt5909

    rt5909

    Covered @ 107.21 avg. See ya'll in the morning...
     
    #18856     Mar 31, 2011
  7. #18857     Apr 1, 2011
  8. We have so many assets on the ground and the spoils are already carved up. I give give them less than a week to see to the end of what Reagan started 25 years ago.

     
    #18858     Apr 1, 2011
  9. Visaria

    Visaria

    Seems to be the only number out today - pretty big one though

    Friday, April 1, 2011

    8:30 AM ET. Mar U.S. unemployment rate

    Non-Farm Payrolls (expected +201K; previous +192K)

    Unemployment Rate (expected 8.9%; previous 8.9%)

    Average Hourly Earnings (previous 22.87)

    Average Hourly Earnings Net Change (previous +0.01)

    Manufacturing Payrolls (previous +33K)
     
    #18859     Apr 1, 2011
  10. shorted 106.97, will add more at 107.6+
     
    #18860     Apr 1, 2011