Oil at $93.50 and rocketing

Discussion in 'Trading' started by detective, Oct 29, 2007.

  1. right ho, got that.
    Their track record is not too crisp but just thought that I would ask anyway

    regards
    f9
     
    #21     Oct 30, 2007
  2. I have seen people enter LONG/SHORT airline stock trades on higher time frame oil signals..so I do get your point and the thought is not a bad idea.
     
    #22     Oct 30, 2007
  3. I think once the Democrats take off the prices eventually decline. We live in a global world but I think Bush upset the applecart a lot. He had no foreign experience when he took off and it’s hard to show the big world picture to a man that refuses to believe in evolution even.
     
    #23     Oct 30, 2007
  4. everything will go higher

    stocks oil gold food wheat gas everything
     
    #24     Oct 30, 2007
  5. Well $2.00 in the money so far..1/2 the position covered and the rest is in for the ride.
     
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    #25     Oct 30, 2007
  6. Nice drop today, and if we can get through the 85's on the December QM I have a decent chance of at least the $81.51 target in the weeks ahead.
     
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    #26     Oct 30, 2007
  7. le140

    le140

    What is the symbol for the oil trade?

    Thanks,
     
    #27     Oct 30, 2007
  8. I am short the QMZ7 with 3 fills at 93.525 and 5 at 93.500..I have covered 2 at 92.50 and 2 at 91.50 with the remainder held for much lower targets.

    Here is the contract overview..

    http://www.nymex.com/lsco_emi_cso.aspx
     
    #28     Oct 30, 2007