out 111.65 , this hurts whenever this currency issues are involved in OIL action , this is what is happening , unpredictable movements ...
KEY EVENTS TO WATCH FOR: Friday, April 8, 2011 8:30 AM ET. USDA Monthly Supply-Demand Reports 10:00 AM ET. Feb Monthly Wholesale Trade Inventories (expected +1%; previous +1.1%)
we do not know at this time of this $1.50 move - the part of hike from Libyan oil fields/issues ( if major part is due to this we will see $1 retrace before bounce back to $112 by EOD ) - the part of hike due to EURO rise ------- Oil prices near $112 a barrel on Libyan unrest April 8, 2011, 8:15 a.m. EDT http://www.marketwatch.com/story/oil-prices-near-112-a-barrel-on-libyan-unrest-2011-04-08 NEW YORK (MarketWatch) -- Oil prices on Friday rose close to $112 a barrel - as fighting in Libya hit oil fields and - the dollar's slide lessened the price of the commodity for holders of other currencies ---------- Middle East Live Blog http://blogs.aljazeera.net/live/middle-east/middle-east-live-blog
out here at 111.50 for +31 so +20, -30 and +31 so far. Not great. ES is 10 times easier, but oil is more fun!
You like trading markets that are difficult for you? It's 'more fun' to trade something more difficult? IMO the ES holds nothing over oil, but w/ that said if it was 10x easier to trade the ES, then I'd be trading the ES...
Brent Leadership is back , $1 over CL , so for today trades some ideas for short side Brent for long side CL ( may be )
just buy the ES dips (not that they happen much)for free money! lol. Governmenr ensure that this works. There's a poster in the ES joiurnal that's been doing that everyday for about a year---- posted about 5 points profit everyday. Awesome! Looking for something with a bit of volatility (such as CL) to trade alongside it. Do you post calls, brownsfan? I've not been here long enough to know who's who.
Kid, what are your thoughts today? Meltup? Correction? Good luck/skill to everyone and please don't feed the trolls.