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Is CL going to get drawn and quartered?
Started:July 25th, 2011 (04:37 PM) by RM99 Views / Replies:523 / 1
Last Reply:July 25th, 2011 (04:37 PM) Attachments:0

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Is CL going to get drawn and quartered?

Old July 25th, 2011, 04:37 PM   #1 (permalink)
Fortitudo et Honor
Austin, TX
Futures Experience: Advanced
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Is CL going to get drawn and quartered?

The debt limit debate is killing the dollar, and conversely, it's driving the price of Gold crazy and propping the price of crude (even as equities wane and struggle).

If a comprehensive, long term debt increase is reached and makes the market feel all warm/fuzzy and "game on" then my question is this.....?

Between the strengthening of the dollar (which drives commodities prices down) and the new found surge in the equity markets (which usually correlate to an increase in crude),

Which direction do you think it will pull CL? Will it divide and pull one way in a faster/more immediate reaction only then to go the other way for the slower input?

Will it simply churn and see wild ranges while it figures out the long term direction?

OR, do you think one aspect (dollar strength or market rally) will overshadow the other and provide a clear direction?

I'm not a fundamentals guy, so I'm just curious. Not looking to trade this thing either way....just curious as to what the various feelings are about the crude market reactions once a deal is reached (or isn't reached).

"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
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Old July 25th, 2011, 04:37 PM   #2 (permalink)
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