WTI Crude Oil Trading | Page 356 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

WTI/USD

Similar Threads

Reliable broker for Crude Oil trading 20 replies

making money intraday CL/WTI/OIL - no overnight holds 13 replies

WTI Crude Oil (TRENDSURFING - with the help of the model) 634 replies

Trading Oil WTI to get back all! 18 replies

Hedge WTI and Brent Oil 1 reply

Attachments: WTI Crude Oil Trading
Exit Attachments

WTI Crude Oil Trading

  • #7,101
  • Apr 10, 2020 6:28am Apr 10, 2020 6:28am
Quoting DMA Trader
mexico still wants only 100 {image}
and now we wait
Attached Image (click to enlarge)
Click to Enlarge Name: IEA.png Size: 117 KB
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #7,102
  • Apr 10, 2020 6:58am Apr 10, 2020 6:58am
Quoting DMA Trader
{quote} and now we wait {image}
The G-20 emergency meeting of energy ministers starts at 3pm Riyadh time (1pm London, 8am New York). After Mexico blocked the OPEC+ deal to cut 10m b/d in oil output, the talks today are key.

Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #7,103
  • Apr 10, 2020 7:16am Apr 10, 2020 7:16am
Quoting DMA Trader
{quote} The G-20 emergency meeting of energy ministers starts at 3pm Riyadh time (1pm London, 8am New York). After Mexico blocked the OPEC+ deal to cut 10m b/d in oil output, the talks today are key.
Mexico share is nothing comapred to big player. for now, the oil price can rise up if US agree to cut with other players or Trump impose the Tarriff of the oil import to US.
  • #7,104
  • Apr 10, 2020 7:41am Apr 10, 2020 7:41am
Mexico president : Yesterday I spoke with the president trump about of the reduction of the production and we reach and agreement to reduce only 100 (not 400) and the US will be reduce the other part of Mexico’s share #OOTT #opec
  • #7,105
  • Apr 10, 2020 8:57am Apr 10, 2020 8:57am
Ok so that would be it, for now... We can now wait what the easter Bunny brings . If it will start to rise, as I expect, will be daily trading it for months ahead...
If for some reason stays low or even drops further, will consider buying as many options as possible because this prices are almost a joke already, compared to what they feared us with before, in the recent past at least...
Can you afford to take that chance?
  • #7,106
  • Apr 10, 2020 9:55am Apr 10, 2020 9:55am
Mexico is willing to cut 100k, US is willing to cut 250k on their behalf. so 50 still needs to come from somewhere. or did they finally agreed? I dont think the deal has been finalised yet.

also, i still dont see anything on how much is g20 going to reduce output by. the meeting is still not over though as far as i know
  • #7,107
  • Apr 10, 2020 9:57am Apr 10, 2020 9:57am
Quoting mazavar
{quote} Mexico share is nothing comapred to big player. for now, the oil price can rise up if US agree to cut with other players or Trump impose the Tarriff of the oil import to US.
that's true but I think you are missing the point here - if all OPEC countries cut by 23% and another country only wants to cut by 5.5% and OPEC agrees, how do you think are other countries (as in some OPEC countries) going to react? They will be bargaining for discounts for themselves and whole thing falls apart
  • #7,108
  • Apr 10, 2020 11:28am Apr 10, 2020 11:28am
Quoting tonny47
Mexico is willing to cut 100k, US is willing to cut 250k on their behalf. so 50 still needs to come from somewhere. or did they finally agreed? I dont think the deal has been finalised yet. also, i still dont see anything on how much is g20 going to reduce output by. the meeting is still not over though as far as i know
some recent news
Attached Image
persistence and determination alone are omnipotent
  • #7,109
  • Apr 10, 2020 11:40am Apr 10, 2020 11:40am
“The reported OPEC+ production cut of 10 million barrels a day, if ratified, just isn’t enough to plug the 15- to 20-million b/d near-term imbalance in the marketplace and avoid tank tops in May,” S&P Global wrote in a recent research note.

situation not resolved yet next weeks open will be very interesting
  • #7,110
  • Apr 10, 2020 11:49am Apr 10, 2020 11:49am
Quoting Kwame Freder
“The reported OPEC+ production cut of 10 million barrels a day, if ratified, just isn’t enough to plug the 15- to 20-million b/d near-term imbalance in the marketplace and avoid tank tops in May,” S&P Global wrote in a recent research note. situation not resolved yet next weeks open will be very interesting
I guess were heading to new lows if more storage facilities running out of space
Attached Images
persistence and determination alone are omnipotent
  • #7,111
  • Apr 10, 2020 12:00pm Apr 10, 2020 12:00pm
Attached Image
persistence and determination alone are omnipotent
  • #7,112
  • Apr 10, 2020 2:41pm Apr 10, 2020 2:41pm
i guess they are still negotiating and the deal is not off the table. even if it isn't, i am not able to gauge if the overall sentiment is positive or negative with g20 not disclosing how much they agreed to cut
  • #7,113
  • Apr 10, 2020 5:11pm Apr 10, 2020 5:11pm
Do you guys have any idea why new trades on WTI, Gold and Silver were halted last Thursday around 9pm GMT time? I can’t open any trade across three brokers.
  • #7,114
  • Apr 10, 2020 6:14pm Apr 10, 2020 6:14pm
Quoting FullMargin
Do you guys have any idea why new trades on WTI, Gold and Silver were halted last Thursday around 9pm GMT time? I can’t open any trade across three brokers.
https://www.usatoday.com/story/money...ay/2969087001/
  • #7,115
  • Apr 11, 2020 3:55am Apr 11, 2020 3:55am
expected contraction
Attached Image (click to enlarge)
Click to Enlarge Name: colapse.jpg Size: 206 KB
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #7,116
  • Apr 11, 2020 9:21am Apr 11, 2020 9:21am
Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt, sources aware of the plans told Reuters.

https://www.reuters.com/article/us-u...-idUSKCN21R3JI

The industry is estimated to owe more than $200 billion to lenders through loans backed by oil and gas reserves. As revenue has plummeted and assets have declined in value, some companies are saying they may be unable to repay.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #7,117
  • Apr 11, 2020 4:30pm Apr 11, 2020 4:30pm
Quoting DMA Trader
Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt, sources aware of the plans told Reuters. https://www.reuters.com/article/us-u...-idUSKCN21R3JI The industry is estimated to owe more than $200 billion to lenders through loans backed by oil and gas reserves. As revenue has plummeted and assets...
Maybe the agreement between the US and Mexico to both cut oil production will result in a higher crude price.
https://www.business-standard.com/ar...1100152_1.html
Will this be enough to revamp the market enough to allow shale oil producers to make enough profits in order to repay their loans? Only time will tell
Attached Image
  • #7,118
  • Apr 12, 2020 12:19am Apr 12, 2020 12:19am
Quoting Hutch
{quote} Maybe the agreement between the US and Mexico to both cut oil production will result in a higher crude price. https://www.business-standard.com/ar...1100152_1.html Will this be enough to revamp the market enough to allow shale oil producers to make enough profits in order to repay their loans? Only time will tell {image}
could also been a very good timing since markets are already up big from bottom. so demand is coming back this could also help WTI go up.
we also seen Saudi's take big stakes in European and us oil companies.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #7,119
  • Apr 12, 2020 12:27am Apr 12, 2020 12:27am
https://www.bloomberg.com/news/artic...?sref=61mHmpU4

2 things
oil hedge and mexico ambition to oil producing nation.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #7,120
  • Apr 12, 2020 7:18am Apr 12, 2020 7:18am
So who think it will gap Up ?
If gap Down on which price ? Should we buy more or sell ?
12 traders viewing now