Very wishful thinking. We saw oil slide in the face of actual war in Ukraine and similar Middle-East conflicts (when is there no middle Middle-East conflict???). Bottom line, market is well supplied and more supply is coming.

May CL (WTI) implied volatility is around 32% which puts $45 in play. As i stated in earlier post , path to $60 is not straight line. If we could only see similar moves in equities life would be good - at least for me. LOL

The path to 60 is not a straight line. There should be tradable shorts along the way. I do agree market is very manipulated in favor of the IPO but supply and demand is still your obstacle. Long till 60 might have some surprising set backs with the ...

you are a bear in something at 2 year lows? not a contrarian are you? lol

My thoughts exactly. If all that crap acutally mater this board will be filled with millionares and billionares Sellling a sell off that already happened .. more like ouch time.

I think it might go up or it might go down.

Its dollar index subtracted from EURO. not euro/usd ... Obviously they trade inversely with almost -1 correlation

Here you go infinitus I discount anything past 2010... So you can see the spread has been larger but not without a corrective pullback first. I expect to see the spread increase to 80 and change before down move... The extent of down move is ...

The spread between dollar index and euro is at near extreme levels... This is a sell dollars and buy euro situation. Reversion to mean folks. Sept of last year was last time we saw the spread this high... I won't bother telling you how that ended.

test chart

Euro is supposed to be at parity by now with the dollar or not exist at all according to those clowns a few short years ago. We will always find something that supports our assumptions and cling to that . I just think in terms of odds. Thats it. FF ...

OnlineAddict, another tell is in the options market. FXE (most liquid stock for euro ) has volatility in the bottom of its recent implied volatility range. Its expected to have low volatility as its tracking a currency but its low even by currency ...

I would say serious downside is the .3304 area ( i trade futures we speak in terms of ticks , so adjust a few pips for your spot fx). Can we see it fall another 126 pips ? YES Is that a high probability event ? NO I began the journey years ago.. .I ...

I am with you man on this. I opened long (something rarely do on euro and I rarely trade euro) in the .3430 area I can see the pair falling to .3400 but that's really it. The risk/reward is solid on the long side. I will happily add at .3400 area ...

This board is the ultimate indicator. Fade the prevailing thoughts in here !!!! Nice day indeed.

what board you been reading? This thread is entertainment at its finest. Tv industry has found its solution to crap programing right here at ff