WTI Crude Oil Trading | Page 362 | 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

  • #7,221
  • Apr 14, 2020 6:58am Apr 14, 2020 6:58am
bounce area
Attached Image (click to enlarge)
Click to Enlarge Name: OIL15.png Size: 21 KB
yes yes yes
  • #7,222
  • Apr 14, 2020 7:03am Apr 14, 2020 7:03am
Quoting auricforecas
{quote} COVID19, some more optimistic news are spotted, in EU at least... (might suggest WTI up) Supply (were just CUT, quite good, and agreed) (might suggest WTI up) Demand restoring after production restores... linked to COVID19... (might suggest WTI up) Will leave "Inventory capacity" for others to contribute
The cuts are not what it seems (https://www.energyexch.com/showthrea...9#post12871869) and considered not enough as the recent market reaction already suggested. On top of that the oil price war seem to continue (https://www.bloomberg.com/news/artic...war-isn-t-over) despite OPEC+ agreement to settle things.
persistence and determination alone are omnipotent
  • #7,223
  • Apr 14, 2020 7:29am Apr 14, 2020 7:29am
Quoting Ll1979
{quote} IF you buy 1 CFD at current price your account will be subtract with $700 (most cfd broker 1 tick is 1 dollar -> 1 point = $100). In the end your balance is the same since the CFD is increase in value. But some future based CFD brokers will also charge you swaps (of the complete month) while you rollover. While those swaps aren't transparent in the way they are calculated i personally would avoid rollovers.
Sorry mate just want to confirm, are you sure it just $700 not $7.000?

Because for example if I buy 1 lot at $30 then i close at $31 my profit is $1.000..

Then now rollover spread may and june is $7
If buy 1 lot will get rollover cut $700 or $7.000
  • #7,224
  • Apr 14, 2020 7:39am Apr 14, 2020 7:39am
I think a retest of $20 is coming this week. Good chance it bounces there. If it breaks through then only god knows how low it could go. There would probably be an emergency meeting and something drastic done
  • #7,225
  • Apr 14, 2020 7:44am Apr 14, 2020 7:44am
Quoting MzansiObi
{quote} Possible shake and bake? everyone expecting it to rally....think we need some patience...
For sure, hence, will make my decision about possible re-entry on Friday... Have to roll this through...

Quoting Ll1979
{quote} The cuts are not what it seems (https://www.energyexch.com/showthrea...9#post12871869) and considered not enough as the recent market reaction already suggested. On top of that the oil price war seem to continue (https://www.bloomberg.com/news/artic...war-isn-t-over) despite OPEC+ agreement to settle things.
Tnx! Yeah, it seems there is something under the surface (no pun intended)... Will just have to see how this rolls... I think we might get a clue soon... if no later, the next week, beginning of it, when I believe, trading will be restored a lot! I think we are still under the Easter.. some are still on (extended) holidays...
Can you afford to take that chance?
  • #7,226
  • Apr 14, 2020 7:48am Apr 14, 2020 7:48am
Quoting agazzi86
{quote} Sorry mate just want to confirm, are you sure it just $700 not $7.000? Because for example if I buy 1 lot at $30 then i close at $31 my profit is $1.000.. Then now rollover spread may and june is $7 If buy 1 lot will get rollover cut $700 or $7.000
The rollover is based on the tick size so your absolutely right it's $ 7000 in your case. just being curious how is your product named

I used to trade XTIUSD CFD product.
Attached Image
persistence and determination alone are omnipotent
  • #7,227
  • Apr 14, 2020 8:25am Apr 14, 2020 8:25am
Quoting Ll1979
{quote} The rollover is based on the tick size so your absolutely right it's $ 7000 in your case. just being curious how is your product named I used to trade XTIUSD CFD product. {image}
I see, different contract size.. on my broker is 1.000..
Thanks mate for your info..
Well i'm in big trouble then..
Only god can make oil jump at least $32 i'll be so greathful
  • #7,228
  • Apr 14, 2020 8:29am Apr 14, 2020 8:29am
Quoting agazzi86
{quote} I see, different contract size.. on my broker is 1.000.. Thanks mate for your info.. Well i'm in big trouble then.. Only god can make oil jump at least $32 i'll be so greathful
No problem hope things work out for you!
persistence and determination alone are omnipotent
  • #7,229
  • Apr 14, 2020 9:01am Apr 14, 2020 9:01am
maybe false break
Attached Image (click to enlarge)
Click to Enlarge Name: OIL15.png Size: 42 KB
yes yes yes
  • #7,230
  • Apr 14, 2020 10:05am Apr 14, 2020 10:05am
gave up on my longs... decent losses... i dont see it going up anymore... probably we going deep this time....
Extreme gut feeling trader
  • #7,231
  • Apr 14, 2020 10:06am Apr 14, 2020 10:06am
Quoting montygoldy
gave up on my longs... decent losses... i dont see it going up anymore... probably we going deep this time....
same here, just closed my longs with big losses...
  • #7,232
  • Edited 10:48am Apr 14, 2020 10:30am | Edited 10:48am
Quoting montygoldy
gave up on my longs... decent losses... i dont see it going up anymore... probably we going deep this time....
just have to be patient. It will get worse before it starts going up again and when it does it will be significant

imo the key to this whole thing lies on the demand side. As China Europe and the west reopens we will get some very bullish periods where it will surge up. May not happen until May/June Assisted by the production cuts kicking in.
  • #7,233
  • Apr 14, 2020 10:37am Apr 14, 2020 10:37am
price at daily s2.
i am staying
Attached Image (click to enlarge)
Click to Enlarge Name: oilh4.png Size: 32 KB
Attached Image (click to enlarge)
Click to Enlarge Name: OIL15.png Size: 38 KB
yes yes yes
  • #7,234
  • Apr 14, 2020 10:41am Apr 14, 2020 10:41am
Quoting Kwame Freder
{quote} just have to be patient. It will get worse before it starts going up again and when it does it will be significant
My broker has send me an info the date of rollover is 17 april..
and now i'm so frustation, it's not look wanna go up, just go down and down.. and i'm still hold many long position
  • #7,235
  • Apr 14, 2020 10:51am Apr 14, 2020 10:51am
Quoting agazzi86
{quote} My broker has send me an info the date of rollover is 17 april.. and now i'm so frustation, it's not look wanna go up, just go down and down.. and i'm still hold many long position
i am long also but my broker doesnt do automatic rollover. i have to normally switch to continuous contract XTIUSD at month end which trades around 10 cents lower than futures. but then i have to pay long swap of around 2.25 cents/day. Not cheap but certainly nowhere near as high as June contract people were mentioning here
  • #7,236
  • Apr 14, 2020 10:54am Apr 14, 2020 10:54am
They heard you were giving up on your longs...
  • #7,237
  • Apr 14, 2020 10:57am Apr 14, 2020 10:57am
Quoting agazzi86
{quote} My broker has send me an info the date of rollover is 17 april.. and now i'm so frustation, it's not look wanna go up, just go down and down.. and i'm still hold many long position
Is the rollover killing your margin requirements?

Gap is closing a bit
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 12 KB
persistence and determination alone are omnipotent
  • #7,238
  • Apr 14, 2020 10:57am Apr 14, 2020 10:57am
Quoting drbob8000
They heard you were giving up on your longs...
only false breaks upside..... and if you see the monthly candle... its ripe to turn red....
Extreme gut feeling trader
  • #7,239
  • Apr 14, 2020 10:59am Apr 14, 2020 10:59am
Quoting Kwame Freder
{quote} just have to be patient. It will get worse before it starts going up again and when it does it will be significant imo the key to this whole thing lies on the demand side. As China Europe and the west reopens we will get some very bullish periods where it will surge up. May not happen until May/June Assisted by the production cuts kicking in.
sometimes.... i dont want to keep myself in huge losses... better work on recovery rather than holding it going down... purely traded based on the news... now i dont see a point of holding for longer period
Extreme gut feeling trader
  • #7,240
  • Apr 14, 2020 11:04am Apr 14, 2020 11:04am
Quoting tonny47
{quote} i am long also but my broker doesnt do automatic rollover. i have to normally switch to continuous contract XTIUSD at month end which trades around 10 cents lower than futures. but then i have to pay long swap of around 2.25 cents/day. Not cheap but certainly nowhere near as high as June contract people were mentioning here
Yeah different rule on my broker..
i don't know man, i just hoping now.. i think it will look like 2016, but because this corona it so much different..even big cut production can't help oil to go up..
2 traders viewing now