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Thread: Crude Oil

  1. 05-04-2009, 11:27 AM #261
    Mick100
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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
    Last edited by Mick100; 05-04-2009 at 11:34 AM.
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  2. 05-04-2009, 01:11 PM #262
    Mick100
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    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
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  3. 05-04-2009, 01:17 PM #263
    airedale
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    Right, Mick, if the POO overcomes the present resistance at $50....which is likely....then $60 and beyond is possible/probable [take your pick].
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  4. 05-04-2009, 05:23 PM #264
    Mick100
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    yeah airdale - oil looking good on the chart
    Last edited by Mick100; 05-04-2009 at 05:42 PM.
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  5. 05-04-2009, 05:27 PM #265
    Mick100
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    bloody charts keep changing on me
    Last edited by Mick100; 06-04-2009 at 10:24 AM.
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  6. 05-04-2009, 06:01 PM #266
    airedale
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    Yes, Mick, nice triple bottom on the chart. A good surge in volume would confirm.
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  7. 25-04-2009, 08:34 PM #267
    Mick100
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    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
    Last edited by Mick100; 02-05-2009 at 05:22 PM.
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  8. 02-05-2009, 05:25 PM #268
    Mick100
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    oil should push higher over the short-medium term
    commercials (hedgers) increasing thier long positions
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  9. 02-05-2009, 05:54 PM #269
    Phaedrus
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    Quote Originally Posted by Mick100 View Post
    Bloody charts keep changing on me
    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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  10. 02-05-2009, 06:01 PM #270
    shasta
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    Quote Originally Posted by Phaedrus View Post
    Ignore the minor fluctuations Mick - Oil has been in an uptrend all this year. There is even a confirmed trendline in place.

    Phaedrus

    Do you mind posting a chart of the Tapis price, perhaps against the $US?

    Would appreciate any charts
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