2/05/2010

The Ship Sailed Without Me



We were steaming along quietly and then all of a sudden the sea got a Little rough.



2 Minute Crude oil Chart

Humbug!

4 comments:

Sandy said...

A million more ships to come, hardly stranded are you...
There is violence to these moves, not just oil, its a change to see decisive, violent moves in the indexes...as if they were low volume bit plays....
What's hiding in the shadows? Boo!

Solfest said...

I have not seen 500K+ volume in CL as far as I can remember.

Based on the last few days price action it seems to me that there are some large players selling crude oil.

But then again what do I know.

EIT said...

rumours that a commodity hedge fund went under last few days......

longandwrong said...

EIT beat me to it, more details here...

http://ftalphaville.ft.com/blog/2010/02/05/142766/bluegold-hedge-fund-denies-causing-wti-volatilty/