I'm long crude oil since a couple of weeks ago
Hopefully we'll see a long slow grind back up tp $90, then I will review my position from there
PS, Macdunk, my car needs an oil change - could you send down a 4 ltr pack of oil
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I'm long crude oil since a couple of weeks ago
Hopefully we'll see a long slow grind back up tp $90, then I will review my position from there
PS, Macdunk, my car needs an oil change - could you send down a 4 ltr pack of oil
31/03/09 net short 11450 49.66
commercials (hedgers) added 7430 longs and reduced shorts by 3840 for a reduction in net short position of 11270 contracts for the week
Right, Mick, if the POO overcomes the present resistance at $50....which is likely....then $60 and beyond is possible/probable [take your pick].
yeah airdale - oil looking good on the chart
bloody charts keep changing on me
Yes, Mick, nice triple bottom on the chart. A good surge in volume would confirm.
31/03/09 net short 11450 49.66
14/04.09 net short 14100 52.50
21/04/09 net long 2585 48.55
28/04/09 net long 7100 49.92
oil should push higher over the short-medium term
commercials (hedgers) increasing thier long positions
Ignore the minor fluctuations Mick - Oil has been in an uptrend all this year. There is even a confirmed trendline in place.
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