QUOTE(iamyuanwu @ Sep 10 2008, 05:16 PM)
Nice. Will be looking forward to meeting Adam & Jordy.
I'm interested to know how trading in US & FKLI are like and how to do it.
Why me? I'm interested to know how trading in US & FKLI are like and how to do it.
But you can join us too if you want. I don't think Adam has that much time to meet one by one
QUOTE(AdamG1981 @ Sep 10 2008, 05:21 PM)
No my young padiwan.
There's no change in fundamentals, there has been over supply of crude oil in the market while falling demand has been accelerated. Crude oil will still drop below 100 until there's an improved demand from China, India, and the States. So far those markets have been relatively quiet. With China PPI still at a dangerous level, there's no way China going to reduce IR. India's case is the same.
Even if oil shoots up, it's just a knee jerk reaction and you will see a lot of short sellers coming in the picture and driving oil lower.
Hence, there's only one way oil is going to shoot up again..
China and India reducing its IR.
True, we would see oil rising for a very short term due to the news, and coming back down to equilibrium.There's no change in fundamentals, there has been over supply of crude oil in the market while falling demand has been accelerated. Crude oil will still drop below 100 until there's an improved demand from China, India, and the States. So far those markets have been relatively quiet. With China PPI still at a dangerous level, there's no way China going to reduce IR. India's case is the same.
Even if oil shoots up, it's just a knee jerk reaction and you will see a lot of short sellers coming in the picture and driving oil lower.
Hence, there's only one way oil is going to shoot up again..
China and India reducing its IR.
Sep 10 2008, 06:19 PM
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