Nothing to do with Oils Zeeshan I just haven't spoken to qqqq...

Nothing to do with Oils Zeeshan I just haven't spoken to qqqq for a while. SXY held the line today how many trades went through at numbers like 13.7, 13.8 - we can't buy at those numbers - that's brokers domain they can put trades in between the buy and sell lines.

Crude holding up well and the yanks will get their non-farm payroll numbers tonight which will in turn be a guide as to what the US FED may do in about a week and half from today.
If the yanks look like raising rates then that will have flow on into the shalers but will see our dollar go down especially if our guys cut again - good news for commodities like oil here especially we get to 60c.
Any company with debt in $US dollars here will have a much steeper road ahead of it with our falling dollar.
I wander if SXY's credit facility is in $US - 80m from memory because if they draw on that it would translate into a much higher figure in $AUD.