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The Swamp

  • #58,221
  • Mar 30, 2020 1:40pm Mar 30, 2020 1:40pm
Quoting DMA Trader
WTI Midland ............ depression. unbelievable {image}
5-10$ per barrel.. maybe even 4$

wcs is 4.18 p barrel.. storage,insurance and transportation to Gulf of Mexico make it about -4$
those who can, do. those who cant, talk about those who can
  • #58,222
  • Mar 30, 2020 1:46pm Mar 30, 2020 1:46pm
Our fake capitalist leaders. Are talking about asking a foreign monopoly to cut oil production. So the foreigners can charge more. Of course the Saudis and Russians will want some sort of deal.
those who can, do. those who cant, talk about those who can
  • #58,223
  • Mar 30, 2020 1:50pm Mar 30, 2020 1:50pm
assorted eu R 1041 51 for 5 min. 5 min has a short sig 1041.. 15 min s at 1013/14
those who can, do. those who cant, talk about those who can
  • #58,224
  • Mar 30, 2020 1:58pm Mar 30, 2020 1:58pm
Quoting DMA Trader
{quote} 1050 is next and then off to the races
area rejected. was in important level. acting bearish for now. ..
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #58,225
  • Mar 30, 2020 2:03pm Mar 30, 2020 2:03pm
Quoting DMA Trader
{quote} area rejected. was in important level. acting bearish for now. ..
I dont think they can stay is business too many days at less than 10$.. Remaining storage is filling fast. One small spill can bankrupt them.
those who can, do. those who cant, talk about those who can
  • #58,226
  • Mar 30, 2020 2:07pm Mar 30, 2020 2:07pm
Quoting gatorinla
{quote} I dont think they can stay is business too many days at less than 10$.. Remaining storage is filling fast. One small spill can bankrupt them.
i think they are shutting down. it's like a restaurant. you cannot just sell to 1 -2 or below operating cost it's just impossible no matter who you are

i think Saudi or Russia want this and then they will cut production lol
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #58,227
  • Mar 30, 2020 2:16pm Mar 30, 2020 2:16pm
Quoting DMA Trader
{quote} 1050 is next and then off to the races
EU very close to R
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #58,228
  • Mar 30, 2020 2:29pm Mar 30, 2020 2:29pm
World Trade Center - construction 1970

NY
Attached Image (click to enlarge)
Click to Enlarge Name: wtc.jpg Size: 510 KB
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #58,229
  • Mar 30, 2020 2:53pm Mar 30, 2020 2:53pm
Quoting gatorinla
Our fake capitalist leaders. Are talking about asking a foreign monopoly to cut oil production. So the foreigners can charge more. Of course the Saudis and Russians will want some sort of deal.
....it's a lot more complicated than sueing old ladies whose houses are in the way of your golf course plans
"If The Fool persists in his Folly he will become wise." - William Blake
  • #58,230
  • Mar 30, 2020 2:58pm Mar 30, 2020 2:58pm
Quoting DMA Trader
World Trade Center - construction 1970 NY {image}
...Wow..beautiful pick DMA thanks...
The Chonchy
  • #58,231
  • Mar 30, 2020 2:58pm Mar 30, 2020 2:58pm
Quoting DMA Trader
{quote} 1050 is next and then off to the races

moment of truth for EU !
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #58,232
  • Mar 30, 2020 2:59pm Mar 30, 2020 2:59pm
Quoting chonchy
{quote} ...Wow..beautiful pick DMA thanks...
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #58,233
  • Mar 30, 2020 3:03pm Mar 30, 2020 3:03pm
The WH brain trust (Jared, Stevie Miller, Pete Navarro) are on it, though. Should work out great. Just need something to get us thru the election. Optics of US shale producers going bust not good. Focus groups find Trump's base likes Russia alot more than the Saudis. The Great Dealmaker could get Putin onboard for a cutback and make SA an offer they can't refuse. Idk....desperate times call fro desperate measures. If it hits the wires, though, wti would pop to >$30 almost overnight....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #58,234
  • Mar 30, 2020 3:27pm Mar 30, 2020 3:27pm
1 1161 coming before new low imo
  • #58,235
  • Mar 30, 2020 3:41pm Mar 30, 2020 3:41pm
Quoting DMA Trader
{quote} moment of truth for EU !
...Monthly is in a tremendous doji if Wednesday is in the same indecision....

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.....Monthly.png Size: 36 KB


...sorry wrong chart..

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 38 KB


...Is a big indecision candle....
The Chonchy
  • #58,236
  • Mar 30, 2020 3:44pm Mar 30, 2020 3:44pm
https://www.reuters.com/article/us-m...-idUSKBN21H2I7

The furlough will impact a majority of its about 130,000 employees, Macy’s said, while all workers at store and store distribution centers, as well as some corporate office associates will be affected by the decision, Kohl’s said.

Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #58,237
  • Mar 30, 2020 3:53pm Mar 30, 2020 3:53pm
https://www.cnbc.com/2020/03/30/a-ba...in-canada.html

A barrel of oil is now cheaper than a pint of beer in Canada

A pint of good beer up in Canada will probably cost you about $5 bucks. You can now get a barrel of oil for less than that.
Attached Image (click to enlarge)
Click to Enlarge Name: pint.jpg Size: 202 KB
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #58,238
  • Mar 30, 2020 4:08pm Mar 30, 2020 4:08pm
Quoting DMA Trader
https://www.cnbc.com/2020/03/30/a-ba...in-canada.html A barrel of oil is now cheaper than a pint of beer in Canada A pint of good beer up in Canada will probably cost you about $5 bucks. You can now get a barrel of oil for less than that. {image}

....OMG...BEER....
The Chonchy
  • #58,239
  • Mar 30, 2020 5:15pm Mar 30, 2020 5:15pm
Tried to avoid posting, stuck for about 200 pips on the worst of my EU short 'good trades' and the lesser worst ones over 100...

The time to buy oil on paper has to be soon surely...I dreamed about 10$ not so long ago..

What do you think about oil gator?
  • #58,240
  • Mar 30, 2020 5:27pm Mar 30, 2020 5:27pm
Quoting beszle
Tried to avoid posting, stuck for about 200 pips on the worst of my EU short 'good trades' and the lesser worst ones over 100... The time to buy oil on paper has to be soon surely...I dreamed about 10$ not so long ago.. What do you think about oil gator?
the richest man who ever lived made money on 3$ pb oil
those who can, do. those who cant, talk about those who can
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