CL Redux

Sounds like your short and your trying to get me to cover it for you

 

A trader talking his book on ET? Nah... impossible

(Plus, CME raised margins yesterday like 40%, so imagine the damage)

 

out of curiosity, if you lease a seat what are the position size limits for CL and wheat?

 

The daily limit was moved from 30 to 60 today. If today closes limit up then it will move to 90limit then 120 day after. If your dying to short it wait till the limit goes to 120. My opinion is that wheat is the thinest market and is easily moved limit up or down.

 

I believe 10,000 on both. There are some front month limits though. Or you can say your a hedger and get past those limits.

 

What's up, guys? Trading wheat today?

looking short today (what's new) so have order to sh @8230 (I like round numbers)

 

those market makers moved up equities to unload all their inventory, you know people want out before tomorrow

 

Whisper number is more than 50% higher than official consensus... but I see your point

 

so instead of down 40 k we are up 40-80k?

 

Employment Situation
Released on 8/6/2010 8:30:00 AM For Jul, 2010
Prior Consensus Consensus Range
Nonfarm Payrolls - M/M change -125,000 -70,000 -150,000 to 0
Private Payrolls - M/M change 83,000 100,000 50,000 to 140,000
Unemployment Rate - Level 9.5 % 9.6 % 9.3 % to 9.7 %
Average Hourly Earnings - M/M change -0.1 % 0.2 % 0.0 % to 0.3 %
Average Workweek - level 34.1 34.1 to 34.2