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Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:04 pm
by zombiebraingoo
I may short usd if it hits 77 - any thoughts?
right at the bottom of the weekly wedge - bounce or break?
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:04 pm
by matrix
yesterday we closed 0.79 above lod.....only to see a lower low, 0.51 from previous low. Will we repeat the pattern today/tomorrow....% wise...or similar cents..??
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:09 pm
by greenback
Crude is finally losing steam ... unfortunately it's dragging down energies with it ...
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:12 pm
by Cobra
Good, the 2nd leg up. Now we look at the big picture, chances are good the final test was over and we have our RSI positive divergence, and 5 wave down pattern, so could be the very 1st down leg has completed. For now the initial resistance is multiple Fib confluences area not far above. Let's see. We need a strong close.
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:12 pm
by matrix
gold/silver....big hit.....Shorted both.....
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:12 pm
by Me XMan
Hilarious! "Oil plunges more than $2 in minutes on a rumor that Gaddafi has been shot. WTI crude is now $7 off of its high from earlier today - $97/barrel."
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:15 pm
by zebra
Me XMan wrote:Hilarious! "Oil plunges more than $2 in minutes on a rumor that Gaddafi has been shot. WTI crude is now $7 off of its high from earlier today - $97/barrel."
is it still a rumor or has been confirmed?
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:17 pm
by Cobra
The rebound yesterday is market as blue rectangle, usually, the rebound is stronger and stronger, so accordingly, today's rebound should be larger than yesterday, let's see.
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:19 pm
by Me XMan
If he's dead, US will lose those oil fields. How can that be good?
zebra wrote:Me XMan wrote:Hilarious! "Oil plunges more than $2 in minutes on a rumor that Gaddafi has been shot. WTI crude is now $7 off of its high from earlier today - $97/barrel."
is it still a rumor or has been confirmed?
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:27 pm
by zombiebraingoo
The PM's might be indicating the USD is poised to bounce rather than break?
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:29 pm
by zebra
Me XMan wrote:If he's dead, US will lose those oil fields. How can that be good?
zebra wrote:Me XMan wrote:Hilarious! "Oil plunges more than $2 in minutes on a rumor that Gaddafi has been shot. WTI crude is now $7 off of its high from earlier today - $97/barrel."
is it still a rumor or has been confirmed?
u got me.. it is just like how can money-printing be good for US?
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:29 pm
by 99er
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:29 pm
by Cobra
The next multiple Fib confluences area will be the real test.
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:30 pm
by Mr. BachNut
VIX lower high today vs. yesterday like RSI supports prospects for bounce.
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:31 pm
by matrix
1344-1294-1325-1275.........from there...we will see....
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:38 pm
by Me XMan
I see crude going higher IMO.
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:39 pm
by Cobra
Me XMan wrote:I see crude going higher IMO.
In the long run, crude will go high.
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:40 pm
by zebra
do ppl try to pre-run bullish Friday/Monday??
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:46 pm
by Cobra
Could be another push up before the close, just a wild guess. And by the way, yes, the rebound is larger than that of yesterday.
Re: 02/24/2011 Intraday Watering
Posted: Thu Feb 24, 2011 4:47 pm
by 99er
From Zero Hedge:
ICE has just announced it is hiking oil margins for the second time this week, this time increasing both Brent and WTI margins. The new Brent scanning range is 5200 compared to 4850 before, while the Oil WTI 1st month contract is hiked from 600 to 900. We expect the NYMEX will follow suit on its own WTI contract any minute.