My Prediction For Oil

Discussion in 'Commodity Futures' started by lolo24ca, Nov 14, 2005.

  1. Just curious as to why you're not interested in the pit traded contract. I don't like the QM for the same reason you mentioned. Are the commisions for the pit traded contracts too much or is slipage the problem?
    I want to trade gold and oil futures for a hold time of 6 monthes+ - what's the best way to do it?
    #11     Nov 20, 2005
  2. The chart shows a parabolic down trend for the past couple of monthes. With that kind of momentum, I think crude will break 50. A false break, as I think a lot of the long term players will defend it very aggresively at that level. Key fibbi retrace level.
    #12     Nov 20, 2005