CL Redux

Crede OIL Geo-political tensions : IRAN DEC/2012
-- Warm-ups for the coming week to Keep OIL Rock support above $98+ for First half of NEXT week .

1/ Unclear whether Iran shot down drone, a U.S. official says: http://www.cnn.com/2011/12/04/world/meast/iran-drone/index.html

2/ U.S. Senate OK's sanctions on Iran central bank: http://in.reuters.com/article/2011/12/02/iran-usa-sanctions-idINDEE7B102C20111202
The U.S. Senate unanimously approved tougher sanctions against Iran on Thursday, voting <b>to penalize foreign financial institutions that do business with Iran's central bank </b>, the main conduit for its oil revenues.

3/ UPDATE 2-Iran says oil would go over $250 if exports banned :http://af.reuters.com/article/energyOilNews/idAFL5E7N404U20111204
* US, EU debating sanctions on Iran oil exports
* Tehran says "serious" talk would make prices soar
* Iran strives to contain reaction to UK embassy invasion

 

Thanks for posting. Scary stuff!!!

 

translation ,goldy has a huge short position on

 

sh 101.37 ,stop 102.10 ,offerr 101.80 stop 102.10..bid 100.7

 

SYDNEY (MarketWatch) — Crude-oil futures rose in electronic trading Monday, amid hopes for progress in resolving Europe’s debt crisis ahead of key meetings later in the week.


GM all

 

sh 102.25,offer 2.60

 

holding up well 1st upside target the open gap , 30 breakout play either way

 

dollar sup

 

out 102.16, offer cxled

 

Long 101.50