| Author |
Message |
rakeshmehta48
Senior Member
Joined: 01/Dec/2007
Location: United Arab Emirates
Online Status: Offline
Posts: 544
|
   Posted: 08/Apr/2008 at 10:16pm |
S&P has been bumping up against 1372 during past 4-5 sessions and not able to settle above convincingly.
Dollar Index has a lackluster rally during past month.
This gives the impression that smart money that was expected to shift out of emerging market equities and commodities into US Equities, is not willing to proceed at full throttle.
This may help commodities, including crude, for the time being.
|
|
Fund Management is Most Important
|
 IP Logged |
|
|
|
 |
|
paragdesai
Senior Member
Joined: 22/Oct/2007
Location: India
Online Status: Offline
Posts: 837
|
Posted: 25/Jun/2008 at 9:27pm |
|
Crude Oil Down almost US $ 4 in today's early trade. Looks like slowly heading towards US $ 100 mark.
|
|
IP Logged |
|
|
|
Invest_in_India
Senior Member
Joined: 23/Mar/2008
Location: United Kingdom
Online Status: Offline
Posts: 307
|
Posted: 25/Jun/2008 at 9:30pm |
Originally posted by paragdesai
Crude Oil Down almost US $ 4 in today's early trade. Looks like slowly heading towards US $ 100 mark. |
Amen !!! 
|
|
Cheers,
Raj
"Que sera, sera,
Whatever will be, will be;
The future's not ours to see.
Que sera, sera,
What will be, will be.
Que Sera, Sera!"
|
|
IP Logged |
|
|
|
tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
Online Status: Offline
Posts: 3542
|
Posted: 25/Jun/2008 at 10:16pm |
|
if demand falls price has to correct.
|
|
understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
|
|
IP Logged |
|
|
|
kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
|
Posted: 25/Jun/2008 at 10:17am |
|
As per a theory, Crude Oil won't correct before hitting stop loss levels of USD 142~144. Many hedge funds are short big time since 120 level.
So it's going to be Amarnath err Amaranth Yatra time.
|
|
Life can only be understood backwards—but it must be lived forwards
|
|
IP Logged |
|
|
|
Invest_in_India
Senior Member
Joined: 23/Mar/2008
Location: United Kingdom
Online Status: Offline
Posts: 307
|
Posted: 26/Jun/2008 at 6:00pm |
|
|
|
Cheers,
Raj
"Que sera, sera,
Whatever will be, will be;
The future's not ours to see.
Que sera, sera,
What will be, will be.
Que Sera, Sera!"
|
|
IP Logged |
|
|
|
paragdesai
Senior Member
Joined: 22/Oct/2007
Location: India
Online Status: Offline
Posts: 837
|
Posted: 26/Jun/2008 at 8:32pm |
Originally posted by kulman
As per a theory, Crude Oil won't correct before hitting stop loss levels of USD 142~144. Many hedge funds are short big time since 120 level.
So it's going to be Amarnath err Amaranth Yatra time.
|
If stoploss hit at 142-144 level that means it can go upto 150-160 range to cover all the shorts ?
I have not much knowledge about it.
|
|
IP Logged |
|
|
|
master
Senior Member
Joined: 06/May/2008
Online Status: Offline
Posts: 831
|
Posted: 26/Jun/2008 at 8:41pm |
Oil jumps on OPEC, Libya comments
By John Wilen, AP Business Writer
Oil futures shot up to nearly $139 a barrel Thursday after OPEC's president said oil prices could rise well above $150 a barrel this year and Libya said it may cut oil production. Light, sweet crude for August delivery rose as high as $138.95 a barrel shortly after the New York Mercantile Exchange opened before retreating some to trade up $4 at 138.55.
Chakib Khelil, president of the Organization of Petroleum Exporting Countries, said he believes oil prices could rise to between $150 and $170 a barrel this summer before declining later in the year. Khelil said he doesn't think prices will reach $200 a barrel. The head of Libya's national oil company said the country may cut crude production because the oil market is well supplied, according to news reports.
|
|
Someone’s sitting in shade today because someone planted a tree long time ago.
|
|
IP Logged |
|
|
|
Active Topics
Memberlist
Calendar
Search
Help
Register
Login
