From the Floor: Oil shorts 'feel the pain' — #SaxoStrats
Oil's rally is beginning to show signs of losing momentum as we close out the week ahead of tonight's US rigs report, but the change in sentiment has left market shorts feeling 'the pain'. Elsewhere, the global equities rally continues, but doubts remain.
Oil reversal to upside through the week has left shorts feeling 'the pain' — Hansen
WTi heading into resistance at $50-50.90/barrel area, support at $48.75/b — Hansen
Gold scrabbling around for support at $1,236/oz and $1,228/oz — Hansen
Global equities rebound continues but S&P500 not yet convincing — Garnry
S&P500 call shifts to neutral but rise still capped below falling trendline — Garnry