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WTI Crude Oil Trading

  • #7,241
  • Apr 14, 2020 9:06am Apr 14, 2020 9:06am
Quoting montygoldy
{quote} 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
That’s sad to hear you said because I’m still holding,
  • #7,242
  • Apr 14, 2020 9:11am Apr 14, 2020 9:11am
Quoting Ll1979
{quote} Is the rollover killing your margin requirements? Gap is closing a bit {image}
To margin call no, but if after rollover price is going down again below $20 yes it will.. i hope the gap keep closing..
  • #7,243
  • Apr 14, 2020 9:11am Apr 14, 2020 9:11am
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  • #7,244
  • Apr 14, 2020 9:11am Apr 14, 2020 9:11am
Quoting montygoldy
{quote} 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
yeah no I wasn't suggesting you hold longs that are in the red. was just stating that the market may be depressed for quite a while. i personally don't hold huge drawdowns
  • #7,245
  • Apr 14, 2020 9:29am Apr 14, 2020 9:29am
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persistence and determination alone are omnipotent
  • #7,246
  • Apr 14, 2020 9:45am Apr 14, 2020 9:45am
Quoting Ll1979
{image}
Thats messed up, presenting those cuts like something big while in fact its nothing special... and other thing is who in reality is gonna honor those cuts.
  • #7,247
  • Apr 14, 2020 9:51am Apr 14, 2020 9:51am
let's go oil
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yes yes yes
  • #7,248
  • Apr 14, 2020 9:52am Apr 14, 2020 9:52am
Quoting Moty
let's go oil {image}
goodluck but i am already out...
Extreme gut feeling trader
  • #7,249
  • Apr 14, 2020 10:00am Apr 14, 2020 10:00am
Quoting shiftyxxpc
{quote} Thats messed up, presenting those cuts like something big while in fact its nothing special... and other thing is who in reality is gonna honor those cuts.
OPEC+ is great in presenting cuts on baselines. Most of their members honor the cuts but the cuts are only starting in May (currently pumping at will) leaving room the max out the storage facilities all over the world. On the other hand they have been cutting for a while (before April) unlike the US which kept pumping the last couple of years gaining market share from OPEC+. Russia refuse to extend the OPEC+ agreement and OPEC+ fell apart resulting in a price war between KSA and Russia. On top of that COVID19 came along creating a perfect storm (boosting production and killing demand).
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persistence and determination alone are omnipotent
  • #7,250
  • Apr 14, 2020 10:15am Apr 14, 2020 10:15am
Quoting Moty
let's go oil {image}
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Make it Green
  • #7,251
  • Apr 14, 2020 11:09am Apr 14, 2020 11:09am
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persistence and determination alone are omnipotent
  • #7,252
  • Apr 14, 2020 11:27am Apr 14, 2020 11:27am
Yup touch $20
  • #7,253
  • Apr 14, 2020 11:38am Apr 14, 2020 11:38am
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yes yes yes
  • #7,254
  • Apr 14, 2020 11:50am Apr 14, 2020 11:50am
Well if this price will go down, even after so much drama/cuts.... then car salesmen will start to look like fools promoting low-consumption vehicles... Might just as well show them this clip... Seems like some countries doesn't give a... I must admit, I don't know what to make out of it atm... Nothing but to wait what end of this week and (very) beginning of the next brings.... Will decide within a week, tops.. either to insist on jumping on the BUY SIDE or join the OILY SLOPE RIDE DOWN! To be continued! BTW am thinking, if the drop continues... to either BUY it AF... at certain price, maybe even PHYSICALLY and put it somewhere (in the ground) for the rainy days...
Can you afford to take that chance?
  • #7,255
  • Apr 14, 2020 12:02pm Apr 14, 2020 12:02pm
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persistence and determination alone are omnipotent
  • #7,256
  • Apr 14, 2020 1:34pm Apr 14, 2020 1:34pm
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persistence and determination alone are omnipotent
  • #7,257
  • Apr 14, 2020 1:44pm Apr 14, 2020 1:44pm
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yes yes yes
  • #7,258
  • Apr 14, 2020 2:03pm Apr 14, 2020 2:03pm
Monthly
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  • #7,259
  • Apr 14, 2020 2:18pm Apr 14, 2020 2:18pm
WTI lost only $0.94 today but it doesn't show any sign of moving higher.
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  • #7,260
  • Apr 14, 2020 2:30pm Apr 14, 2020 2:30pm
WTI Oil

I'm think oil will move up from here.

I'm calling this the bottom.

We will see.
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Patience, let the trade come to you.
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