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WTI Crude Oil Trading

  • #7,141
  • Apr 12, 2020 1:57pm Apr 12, 2020 1:57pm
Quoting DMA Trader
https://www.cnbc.com/2020/04/12/opec...iscussion.html done deal Nigeria’s oil minister says in a statement that he hops oil prices will rebound by at least $15
eventually will... in few months time?
  • #7,142
  • Apr 12, 2020 1:58pm Apr 12, 2020 1:58pm
Quoting tonny47
{quote} eventually will... in few months time?
What did he mean? 23$ +15$ ?
  • #7,143
  • Apr 12, 2020 2:00pm Apr 12, 2020 2:00pm
Quoting MoneyTalks58
{quote} What did he mean? 23$ +15$ ?
Nigerian oil closed at $27 on Friday
  • #7,144
  • Apr 12, 2020 2:02pm Apr 12, 2020 2:02pm
I didn't realise just how large this cut is. Over the past 20 years, they only cut by around 1-2 m bpd
https://www.reuters.com/article/oil-...-idUSL8N28F31F
  • #7,145
  • Apr 12, 2020 2:04pm Apr 12, 2020 2:04pm
Attached Image (click to enlarge)
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yes yes yes
  • #7,146
  • Apr 12, 2020 2:17pm Apr 12, 2020 2:17pm
Quoting Moty
{image}
Moty are you seeing a gap down on opening?
Make it Green
  • #7,147
  • Apr 12, 2020 2:24pm Apr 12, 2020 2:24pm
Quoting louisfx
{quote} Moty are you seeing a gap down on opening?
no , i got in a bad trade on friday at the false breakup of the ressistence at 27.21
yes yes yes
  • #7,148
  • Apr 12, 2020 2:24pm Apr 12, 2020 2:24pm
Quoting louisfx
{quote} Moty are you seeing a gap down on opening?
no , i got in a bad trade on friday at the false breakup of the ressistence at 27.21.
I hope it will gap up
Attached Image (click to enlarge)
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yes yes yes
  • #7,149
  • Apr 12, 2020 2:31pm Apr 12, 2020 2:31pm
As i thought Mexico didnt budge and a deal is done.

Massive massive cut wow.

Cant wait to see the markets reaction !! Exciting !
Master your Mind,,,Master the Market
  • #7,150
  • Apr 12, 2020 2:34pm Apr 12, 2020 2:34pm
Quoting bluesteele
As i thought Mexico didnt budge and a deal is done. Massive massive cut wow. Cant wait to see the markets reaction !! Exciting !
I hope gap up.
  • #7,151
  • Apr 12, 2020 2:36pm Apr 12, 2020 2:36pm
Still not sure what will happen at the open. A huge cut like this would normally send prices flying but these aren’t normal times.
  • #7,152
  • Apr 12, 2020 2:50pm Apr 12, 2020 2:50pm
Donald J. Trump @realDonaldTrump
9m
The big Oil Deal with OPEC Plus is done. This will save hundreds of thousands of energy jobs in the United States. I would like to thank and congratulate President Putin of Russia and King Salman of Saudi Arabia. I just spoke to them from the Oval Office. Great deal for all!

Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #7,153
  • Apr 12, 2020 2:55pm Apr 12, 2020 2:55pm
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persistence and determination alone are omnipotent
  • #7,154
  • Apr 12, 2020 3:17pm Apr 12, 2020 3:17pm
Quoting MoneyTalks58
{quote} I hope gap up.
my guess is $2 gap up
  • #7,155
  • Apr 12, 2020 3:18pm Apr 12, 2020 3:18pm
where do you all see price spiking up in next few hours? $30+?
  • #7,156
  • Apr 12, 2020 3:20pm Apr 12, 2020 3:20pm
Quoting Ll1979
{image}
what does KSA stand for?

you dont seem to be too optimistic
  • #7,157
  • Apr 12, 2020 3:38pm Apr 12, 2020 3:38pm
Quoting tonny47
{quote} my guess is $2 gap up
soo everyone who held shorts last week are screwed?

https://www.forexfactory.com/news/99...ction-delegate
The grind never stops
  • #7,158
  • Apr 12, 2020 3:49pm Apr 12, 2020 3:49pm
Quoting mikedatrader
{quote} soo everyone who held shorts last week are screwed? https://www.forexfactory.com/news/99...ction-delegate
Seems that way. Have to wait until the opening to see where prices are.
  • #7,159
  • Apr 12, 2020 4:17pm Apr 12, 2020 4:17pm
how long till crude market opens?
It's a sport, an artform and a science.
  • #7,160
  • Apr 12, 2020 4:17pm Apr 12, 2020 4:17pm
Double check to make sure you don’t have any loose orders they may get filled horribly far from where u want
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