oil looking short covering for tomorrow oil meeting mist details
nw kw 14:24:34 GMT - 02/22/2016
cad banks tomorrow will give up or down for c banks
Livingston nh 14:19:16 GMT - 02/22/2016
JP - USD/CAD still seems hostage to oil price -- maybe you could get Justin to give a speech (CB -price will drop as front month ?)
Neither FTSE nor Gilts seem to have a problem w/Brexit
Early Jan SPX downgaps (~1980 and ~2040) are targets in view -- Treasurys still don't believe the CPI or the Fed so there is a risk they all wake up at once
Mtl JP 14:09:43 GMT - 02/22/2016
dc CB it is good for stocks
just dlryen needs now to get on confirmation board and bust N of 113.47
dc CB 14:04:59 GMT - 02/22/2016
WTI crude prices are up almost 6% this morning with April (the new front-month) trading above $33.50 - testing post-DOE plunge stops. The irony of the ramp is that it comes amid terrible global PMIs (demand), a report from IEA of oil staying in glut for longer than expected (supply), and warnings from Abu Dhabi's biggest bank that $20 oil is possible.
Oh well, we are sure the algos know what they are doing... despite veterans of the 1980s oil glut warning it could take 7 to 10 years to emerge from the current slump.
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