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And we are hot…Technorati top 100 here we are…
The crude oil insight blog, breaks into the first technorati top 100 lists with an authority rating of 550. I have no idea how the hell did that happens (I have a few sneaking suspicions). For a blog that started off in February and is still ranked with a page rank of only 2.0, the [...]
Crude Oil Trading – Trading USO
Finally got cornered into buying out of money calls on USO; now in the market for buying out of money puts. How did the cornering happen; I was caught asleep on my laptop and rather than leaving a Good for Today order, left a Good Till Cancelled order that got filled the minute the market [...]
Crude Oil and Euro price outlook: Putting Euro-Oil correlation to work – detecting mispricing in the market
All this correlation data and charts of trailing correlation between crude oil and Euro-USD exchange rates raised some very interesting questions. Take a look at another graph that we ran this afternoon, after seeing the numbers from the previous two posts If you assumed that correlation between Oil and Euro will ultimately bounce back at [...]
Euro outlook: Trading plan for Friday and next week
Euro hit a 4 year low on Wednesday, bottoming at $1.22 and by early Friday morning in Europe was already stable at a one week high comfortable above the 1.25 to a dollar threshold. So what is in store for the euro in the upcoming days/months? The debt crisis in European Union is continuing to [...]
What really happened at Goldman – A guide for laymen
What really happened at Goldman? Step number one – successful hedge fund manager calls XX and tells them that he wants to short certain kind of mortgages because they will lose value – “I want to short this crap” Step number two – Goldman goes and finds the other side – “who wants to go [...]
Oil price outlook: Goldman, Volcanic Ash, and oil prices
Asia takes oil to below 82 on Goldman and travel disruption in Europe on account of the volcanic ash cloud. Expect more pressure as New York opens Monday morning and the entire commodity group heads south. As I said earlier today while Goldman will most likely only suffer a few minor bruises, oil and commodity [...]
The Goldman-Sachs-SEC suit fall out: Impact on crude oil and gold prices
Towards the end of last week a key event happened that will stall and possibly break the rally in oil and gold prices and dominate markets and news for the next month. It was the SEC lawsuit against Goldman for “in-appropriate” conduct related to misstatement of facts on a CDO (Collateralized Debt Obligation) transaction linked [...]
Bank of England and European Central Bank Rate decision
Bank of England holds rates steady at 0.5%. European central bank holds rates steady at 1%.
Euro breaks 1.33, Oil heads towards 85, what down for the weekend?
And we are off. Euro slips below on 1.33 and trades at 1.3282 a new two week low, primarily on Greece. The crude rally stalls and WTI heads toward 86.0 while Brent slips to mid 85. Given the upcoming weekend, we should see steady profit taking and an increasing pressure on crude oil prices as [...]
