CL Redux

saliva · Dec 18, 2009

Quote from saliva:

Taking a chance here. Long 74.65.
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Half out 74.87.

Will let the other half ride while stop placed a tick above b/e for now at 74.66.

enochbenjamin · Dec 18, 2009

66 is vwap - it IS going to touch 66

enochbenjamin · Dec 18, 2009

hit it before i got the post off

saliva · Dec 18, 2009

Sure enough, stopped out at 66. I might be looking to short if it stalls out here.

EON Kid · Dec 18, 2009

Quote from EON Kid:

Dec. 18 (Bloomberg) -- Oil rose in New York after reports that Iranian forces entered Iraqi territory and surrounded a well.

Crude for January delivery was also helped by U.S. and German economic data that may indicate a rebound in demand for energy, rising as much as $1.67, or 2.3 percent, to $74.32 a barrel in electronic trading on the New York Mercantile Exchange.

Iranian forces entered Iraqi territory at dawn yesterday and occupied well number 4 in the East Maysan field in al-Fakah region, 450 kilometers (280 miles) south of Baghdad, Border Guard General Zafer Nazmi said. The Iranian forces positioned tanks around the well. The border guardâs comments couldnât be immediately verified independently.

âThey positioned tanks around it and dug trenches,â Nazmi said by phone from Basra. âThey are still there, they raised the flag.â

East Maysan in southern Iraq is an old oilfield that is no longer in production, according to Nazmi. Iraq is the third largest oil producer in the Middle East after Saudi Arabia and Iran.
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BBC reporting Iranians have pulled back across border.

Amazing how technical analysis foresaw these events

EON Kid · Dec 18, 2009

Quote from enochbenjamin:

66 is vwap - it IS going to touch 66
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Not the value I have, from what time do you start calculating this?

saliva · Dec 18, 2009

Short 74.53

Stop 74.76

Blubaru_555 · Dec 18, 2009

trying qm short 74.675

saliva · Dec 18, 2009

Damn head fakes!

saliva · Dec 18, 2009

Stopped out. Shorting again at 74.69

SL 47.82