*There is a substantial risk of loss in trading futures and options. Placing contingent orders such as “stop loss” or “stop limit” orders will not necessarily limit your losses to the intended amounts. since market conditions may make it impossible to execute such orders.
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In
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Big MacDaddy
The US driving season has started
Not surprisingly, the European Central Bank raised interest rates by 25 bp to 4.25 per cent. What was more interesting was the fact that Mr Trichet did not indicate that interest rates will be raised at the next meeting in a month’s time. This helped to bring about a fall in the EUR/USD rate, which is trading this morning at 157.15. As expected, oil which traded before the announcement at USD 145.15 a barrel, reacted to the ECB rhetoric and the strong dollar by shedding almost two dollars to
Crude oil goes up without limits
High oil prices boost gold
Headlines U.S. inventories send crude to new records Strikes in Peru increase copper supply worries Brent and Distillates Oil prices rose to new record levels on Wednesday after data showed US crude stockpiles fell. U.S. crude oil inventories fell much more than expected last week as imports decreased and refiners increased runs. Crude stockpiles decreased by 2 mln.bbl. to 299.8 mln.bbl. This by far topped analysts’ expectations that stocks fell 100 kb. U.S. gasoline supplies, meanwhile, rose
Crude oil above USD 144
Crude oil: according to the weekly US inventories, crude oil stocks were lower than expected: yesterday’s data showed a fall of 2 million barrels. Consensus was for a fall of 0.8 million barrels. This seemed to be what market participants had been waiting for. The price rose, but more than that, it closed above USD 143 a barrel (WTI). Dollar depreciation supported commodities in general. Brent oil closed above USD 144 a barrel. These past few days, the price has risen intraday only to fall
Big MacDaddy
*There is a substantial risk of loss in trading futures and options. Placing contingent orders such as “stop loss” or “stop limit” orders will not necessarily limit your losses to the intended amounts. since market conditions may make it impossible to execute such orders.
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In
Oil - the IEA lowered its estimate of supply growth
After Monday’s massive reduction by the US Department of Energy of oil demand in the US, the International Energy Agency (IEA) affected the oil market on Tuesday. The IEA lowered its estimate of supply growth outside OPEC in 2009 and 2010 by 1 million barrels a day for both years. Also, the IEA stressed that the main reason for the rising oil prices is disappointing growth in supply since 2004 and bottlenecks within crude oil refining. The IEA expects OPEC’s surplus capacity to peak in 2010
IEA pessimistic report sends crude higher again
The Beast
Current Open Positions and Stop Orders Stops are shown to customers and trial subscribers This report may contain recommendations in which trading or performance results may be mentioned. Please note that these results are hypothetical which may have not been placed for, execution, and which do not take into account market conditions and other factors. :)*There is a substantial risk of loss in trading futures and options.
Placing contingent orders such as “stop loss” or “stop limit” orders
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