tag:blogger.com,1999:blog-424878055321707618.post4186586990603246178..comments2023-08-10T10:42:58.287-04:00Comments on Psychology of the Call : The Psychology of this Week's DataAmerican Capitalist Pigshttp://www.blogger.com/profile/15411623245904138707noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-424878055321707618.post-71294700396672197762008-04-28T21:23:00.000-04:002008-04-28T21:23:00.000-04:00Interesting line of thought on China.On Crude, $12...Interesting line of thought on China.<BR/><BR/>On Crude, $120 levels do look unsustainable. But I am trying to figure out is if these levels would be maintained for some time or is it a bubble which would burst soonAmar Harolikarhttps://www.blogger.com/profile/01385164336335795215noreply@blogger.comtag:blogger.com,1999:blog-424878055321707618.post-19746805407283588402008-04-15T12:37:00.000-04:002008-04-15T12:37:00.000-04:00We do believe another 6% or more is highly likely,...We do believe another 6% or more is highly likely, putting crude north of $120 a barrel. Remember on one day in Sept of 2005, just the coverage of hurricane Rita's approach caused a 6.9% spike. Therefore, we do feel the hurricane season will build a premium of at least 6% in the next several weeks. If we don't get any major refinery disruptions from Gulf hurricanes, coupled with the unwinding of the Chinese Olympic premium, than crude going from the $120-$130 range back to the $80 range would bring a windfall profit. Rationalizing the trade with the "fusion of financial psychology" makes the trade more enjoyable in our opinion.<BR/>Here's the hurricane Rita link: http://www.smh.com.au/news/business/crude-prices-rise-more-than-us4-a-barrel/2005/09/20/1126982047006.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-424878055321707618.post-59258490457219507692008-04-15T12:36:00.000-04:002008-04-15T12:36:00.000-04:00This comment has been removed by the author.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-424878055321707618.post-83692594596046018452008-04-15T11:44:00.000-04:002008-04-15T11:44:00.000-04:00Do you really think oil will go to $120-$130?Do you really think oil will go to $120-$130?Anonymousnoreply@blogger.com