Hey ceydababy, yeah also had a hit yesterday down 30 then caught a short ending 18 up. Opened a long now at 65.69, stochs not looking too positive though so might be out soon.
Antilla, I found a message in my inbox this morning regarding the oil exchange in the Middle East, it's the Dubai Mercantile Exchange (DME) that the shiny new oil futures are based... so it seems it's out of Bushes reach for now. Not sure what happened to Iran's exchange then... wierd as they are planning on launching one. Been in the workings for ages.
Anyway, just thought I'd mention that as my last posting said it was based in Iran when infact this specific one is based in Dubai.
All best everyone! Keep trading!
Antilla, I found a message in my inbox this morning regarding the oil exchange in the Middle East, it's the Dubai Mercantile Exchange (DME) that the shiny new oil futures are based... so it seems it's out of Bushes reach for now. Not sure what happened to Iran's exchange then... wierd as they are planning on launching one. Been in the workings for ages.
Anyway, just thought I'd mention that as my last posting said it was based in Iran when infact this specific one is based in Dubai.
All best everyone! Keep trading!
ceyda, here's an article talking about the Brent/WTI "out of wackness" I mentioned earlier.
http://www.marketwatch.com/news/sto...33-6CB3-4E0C-BBF9-C941D9B7D9BB}&dist=hplatest
Here's a brief breakdown of the article:
WTI could be undervalued.
Brent price is the WTI+freight costs.
Stock analysts of oil companies could be estimating revenues too low.
... and it's a pretty good article so read it
Enjoy!
http://www.marketwatch.com/news/sto...33-6CB3-4E0C-BBF9-C941D9B7D9BB}&dist=hplatest
Here's a brief breakdown of the article:
WTI could be undervalued.
Brent price is the WTI+freight costs.
Stock analysts of oil companies could be estimating revenues too low.
... and it's a pretty good article so read it
Enjoy!
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ceyda, here's an article talking about the Brent/WTI "out of wackness" I mentioned earlier.
http://www.marketwatch.com/news/sto...33-6CB3-4E0C-BBF9-C941D9B7D9BB}&dist=hplatest
Here's a brief breakdown of the article:
WTI could be undervalued.
Brent price is the WTI+freight costs.
Stock analysts of oil companies could be estimating revenues too low.
... and it's a pretty good article so read it
Enjoy!
Thanks for the article...V Interesting....Got a trade out today...Got long at 70.35 this afternoon, only to STUPIDLY close out at 70.60 netting only 20 points...Do not ask why the hell I came out of this trade....I'll chalk it down to inexperience !! Still made profit today just not as much as I would have liked.