OIL BREAKOUT

July 11th, 2008

WARNING: This is not a recommendation to buy, sell or hold any financial instrument.

WTI Crude is breaking higher from the previous range. New record high prints intraday at $145.91, probably on event risk.

Gold is showing a potential intermediate term break out above $950.

The dollar is lower, but that’s not the driver here.

This is a realtime update. Mainstream press will follow.

Posted in Economy | Top Of Page

3 Responses to “OIL BREAKOUT”

  1. GK says:
    July 11, 2008 at 12:19 pm

    Here are you trading targets ladies and gentlemen.

    666.00 NZD = 506.166 USD

    145.91 * 6.66 = 971.7606

    950 / 6.66 = 142.642643

  2. GK says:
    July 11, 2008 at 1:50 pm

    Ha, Just unloaded LYHMC.o Jan 09 puts strike 15 for 4034 gain before the Fed plays Save Our Buddy.

  3. GK says:
    July 11, 2008 at 1:59 pm

    HAHA! Gold just hit 971 in NY Bullionvault. I can’t believe it!

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