It's too bad we can not trade "Clean Underware" Futures! You think Long Cotton would be a hedge in a falling Crude market?
Hardly a death spike but it is volatile. http://www.marketwatch.com/news/story/story.aspx?guid={1CAD9A56-57EB-4399-BA7A-7082F09EB447}
Woh Oil is at 60.50 and still look like it is going down Any one going long here or waiting for the oil to go to $55 heheheeheh
Sellers don't have what it takes to push it below $55. Between $55-60 is where I see the natural support when all the geopolitical/weather concerns are taken away. Unless of course the manager of a $10billion hedge fund has been artificially propping up the market with 5X leveraged one-year-wide calendar spreads. But that could never happen......right?!?!? :eek:
i wonder if we will hear of more hedge funds biting the dust on this energy move - i wouldnt be surprised. lot of fast money in this thing...who would have thought oil at 60$ a few weeks ago.... thankfully i am too scared of qm to trade it anymore. and qg. and anything that begins in q.