http://www.taintedalpha.com/2009/11/25/u-s-petroleum-weekly-%e2%80%93-25-november-2009/?utm_source=rss&utm_medium=rss&utm_campaign=u-s-petroleum-weekly-%25e2%2580%2593-25-november-2009 Global Macro Perspectives Wed, 08 Feb 2012 21:22:41 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.taintedalpha.com/2009/11/25/u-s-petroleum-weekly-%e2%80%93-25-november-2009/comment-page-1/#comment-11 Belisarius Thu, 26 Nov 2009 13:03:30 +0000 http://www.taintedalpha.com/?p=967#comment-11 I would definitely expect oil reaching 60 mid term. For hedging purposes, the oil would be the worst instrument in my opinion, gold would be better. My choice to hedge against USD depreciation would be pure currency basket hedge via ie. UUP/UDN. I would definitely expect oil reaching 60 mid term. For hedging purposes, the oil would be the worst instrument in my opinion, gold would be better. My choice to hedge against USD depreciation would be pure currency basket hedge via ie. UUP/UDN.

]]> http://www.taintedalpha.com/2009/11/25/u-s-petroleum-weekly-%e2%80%93-25-november-2009/comment-page-1/#comment-9 Tats Wed, 25 Nov 2009 23:48:43 +0000 http://www.taintedalpha.com/?p=967#comment-9 So, would you be expecting that oil is poised to test the bottom of downtrend channel and reach price of low 70 or even 60 USD per barrel in near future?Do you think that crude oil and gold markets can still provide a nice way to hedge against depreciation of USD? So, would you be expecting that oil is poised to test the bottom of downtrend channel and reach price of low 70 or even 60 USD per barrel in near future?Do you think that crude oil and gold markets can still provide a nice way to hedge against depreciation of USD?

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