Ouch Ouch!
it does seem to be unstopable who would have thought we would even talk of $70 I have not traded oil for a while as it seems to have a mind of its but so do these markets. These little buy programmes that seem to pop up at support are a pain this market really does need a dam good pullback soon hopefully we are on the way to it now
Would like to see it break 10570 well & truly & close below i think that would then reverse the trend
it does seem to be unstopable who would have thought we would even talk of $70 I have not traded oil for a while as it seems to have a mind of its but so do these markets. These little buy programmes that seem to pop up at support are a pain this market really does need a dam good pullback soon hopefully we are on the way to it now
Would like to see it break 10570 well & truly & close below i think that would then reverse the trend
On the basis that I am looking for a correlation between market direction and liquidity injections through Temporary Open Market Operations from the Fed, and Term Investment Options from the Treasury - I say say we get a down day today.
Net drain on the Term Investment Options is -$11.43b
Expiry of Repurchase Agreements at the Fed is -$7b. I expect the Fed will add sufficient to cover this drain, but the Treasury has no auctions with placements for today.
Edit
Auction results are usually concluded by 3.00bst, with the results posted as late as 3.20.
Net drain on the Term Investment Options is -$11.43b
Expiry of Repurchase Agreements at the Fed is -$7b. I expect the Fed will add sufficient to cover this drain, but the Treasury has no auctions with placements for today.
Edit
Auction results are usually concluded by 3.00bst, with the results posted as late as 3.20.
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:arrowd: :arrowl:
