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05-04-2009, 11:27 AM
#261
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.
He who lives by the crystal ball soon learns to eat ground glass. (Edgar Fiedler)
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05-04-2009, 01:11 PM
#262
Cot
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
He who lives by the crystal ball soon learns to eat ground glass. (Edgar Fiedler)
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05-04-2009, 01:17 PM
#263
Oil Drum
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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05-04-2009, 05:23 PM
#264
yeah airdale - oil looking good on the chart
Last edited by Mick100; 05-04-2009 at 05:42 PM.
He who lives by the crystal ball soon learns to eat ground glass. (Edgar Fiedler)
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05-04-2009, 05:27 PM
#265
weekly
bloody charts keep changing on me
Last edited by Mick100; 06-04-2009 at 10:24 AM.
He who lives by the crystal ball soon learns to eat ground glass. (Edgar Fiedler)
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05-04-2009, 06:01 PM
#266
Yes, Mick, nice triple bottom on the chart. A good surge in volume would confirm.
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25-04-2009, 08:34 PM
#267
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.
He who lives by the crystal ball soon learns to eat ground glass. (Edgar Fiedler)
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02-05-2009, 05:25 PM
#268
oil should push higher over the short-medium term
commercials (hedgers) increasing thier long positions
He who lives by the crystal ball soon learns to eat ground glass. (Edgar Fiedler)
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02-05-2009, 05:54 PM
#269
Originally Posted by Mick100
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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02-05-2009, 06:01 PM
#270
Originally Posted by Phaedrus
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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