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TFC Commodity Trading Forum

Re: Crude fut end above $90, first since 2008/Hal

Hi Lee,

Totally agree with you on the idea that "Crude at $90 is ABSURD !!!" However, within that absurdity lies opportunity for 'the few' that understand the current landscape. Other than general sentiment, I don't think much has fundamentally changed for this market from $37 a barrel...in fact, I regard that number as a reasonable target once the sentiment winds shift again and the risk trade comes unglued. All in due time of course...in the meantime, I would be very wary of long positions in this market coming into 2011. Thinking short all the way, but have to be patient as the absurdity continues to play out, lol...

Merry Xmas to you too Lee and best wishes for the New Year.

Messages In This Thread

Re: Crude fut end above $90, first since 2008/Hal