Posted by wondernut98 on 18th of Jul 2008 at 12:24 pm
If the talks with Iran go well over
the week end it will be oil at 100. I think GS has big
positions on the oil futures and needs to get the price back
up.
just listening to an oil floor trader saying oil is deeply
oversold for a variety of reasons, - Korea, technically, he can see
a short-covering rally next week. He doesn't see it going
lower than around 122 . . . . we'll see.
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Oil at 150
Traders - Define Yourself
Posted by wondernut98 on 18th of Jul 2008 at 12:24 pm
If the talks with Iran go well over the week end it will be oil at 100. I think GS has big positions on the oil futures and needs to get the price back up.
just listening to an oil
Posted by Michael on 18th of Jul 2008 at 12:32 pm
just listening to an oil floor trader saying oil is deeply oversold for a variety of reasons, - Korea, technically, he can see a short-covering rally next week. He doesn't see it going lower than around 122 . . . . we'll see.