Uptrend Line — The Mini-Dow futures respected that up-trending support line (HL, HH) on the day chart and bounced off the 90 SMA on the 4H which virtually intersects the Day uptrend line. The oscillators (Stoc and RSI) look a bit uncertain and ...

Wall Street close watch

Crude Options Expiration — Options for Sept crude expire Friday, Aug 15 and as a result there may be some volatile and whipsaw trade into the week's end. Anyone care to offer an explanation as to why options expiration may affect price today ...

Sweet, sweet Oil

FED, ECB, BOE — As B Gross has pointed out the coordinated efforts of Paulson and Cox are designed to; (1) prevent a market run on the price of bank and investment bank stock until there is enough time to re-flate US housing. (2) to ultimately ...

EUR/USD Trading Room

Media Hazards — Agreed, the media can be hazardous. Like everything, the media is relative and subjective.......FT's Martin Wolf was writing about the risks of the derivatives in relation to real estate markets long before the word derivative ...

Sweet, sweet Oil

OIL Price - Dip Or Decline? — A link to an FT article related to OIL price; url The author makes several points over Dip or Decline? 1 - No big rise in stockpiles of crude, gasoline or distillates and US inventories are low. 2 - The supply ...

Sweet, sweet Oil

Sun, No, I can honestly say I didn't know that, but thanks for pointing it out. I have heard about the terminals so I guess I need to look into it a bit.......it is a subscription service, right?.......and probably expensive too? Any thoughts about ...

Sweet, sweet Oil

I caught the price spike this morning from the corner of my eye and went looking for a reason. I put it down to the OIL markets being reminded of the proximity of geo-political tensions with the Deputy PM of Israel making a public statement over ...

Sweet, sweet Oil

SunTrader, Nice chart and Gann Fan.......from 2005 to 2008 Oil price corrections have run in the range of around 10% to 15 % so down to the $122 range puts it in the order of 15%. The better bang for the futures margin dollar has been shorting NG vs ...

Sweet, sweet Oil