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WTI Crude Oil Trading

  • #7,341
  • Apr 17, 2020 4:21am Apr 17, 2020 4:21am
if they are a cartel , they reach an agreement
  • #7,342
  • Apr 17, 2020 4:28am Apr 17, 2020 4:28am
Could anyone please explain to me how the long swap on oil is calculated?
Yesterday, long swap on XTIUSD was around -2.55, today it is -3.68.

XTIUSD is currently trading at around $18.30, June contract is about $7 higher. If we assume that there is going to be $7 differential on rollover day and May contract has expired, does that mean that daily rollover is going to be 700 cents ($7) divided by 30 days = 23.3 cents?

In the specification of the contract, it also say that the 3-day swap occurs on Wednesday. I presume this accounts for weekend, 2 extra days, is this correct?

I have large long position because I thought I can sit through the downturn even couple of months if necessary but if long swap goes to some silly number, I will be hit hard.

How can June contract be priced this high??
  • #7,343
  • Apr 17, 2020 4:33am Apr 17, 2020 4:33am
Quoting MQLTrade
Monthly {image}
Also 4H scenario tells BELOW 17$
Attached Image (click to enlarge)
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  • #7,344
  • Apr 17, 2020 4:35am Apr 17, 2020 4:35am
Quoting tonny47
Could anyone please explain to me how the long swap on oil is calculated? Yesterday, long swap on XTIUSD was around -2.55, today it is -3.68. XTIUSD is currently trading at around $18.30, June contract is about $7 higher. If we assume that there is going to be $7 differential on rollover day and May contract has expired, does that mean that daily rollover is going to be 700 cents ($7) divided by 30 days = 23.3 cents? In the specification of the contract, it also say that the 3-day swap occurs on Wednesday. I presume this accounts for weekend, 2...
Yes, I am interested in this too. I cancelled my (intentional long term)position immediately with the same concern...
Attached Image (click to enlarge)
Click to Enlarge Name: oil.jpg Size: 94 KB
Emotional Control. Process, not outcome.
  • #7,345
  • Edited 5:31am Apr 17, 2020 4:59am | Edited 5:31am
Quoting tonny47
Could anyone please explain to me how the long swap on oil is calculated? Yesterday, long swap on XTIUSD was around -2.55, today it is -3.68. XTIUSD is currently trading at around $18.30, June contract is about $7 higher. If we assume that there is going to be $7 differential on rollover day and May contract has expired, does that mean that daily rollover is going to be 700 cents ($7) divided by 30 days = 23.3 cents? In the specification of the contract, it also say that the 3-day swap occurs on Wednesday. I presume this accounts for weekend, 2...
I would ask your broker how they calculate this.

some example below

https://www.tradefw.com/swaps/
https://admiralmarkets.com/start-tra...ing-calculator
persistence and determination alone are omnipotent
  • #7,346
  • Apr 17, 2020 5:20am Apr 17, 2020 5:20am
June contract 100% safe bet yes 100% safe bet to buy for crude as no negative bias is there......if you wanna buy crude buy for june 100% safe bet. check in the picture more information.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 148 KB
  • #7,347
  • Apr 17, 2020 5:40am Apr 17, 2020 5:40am
Quoting Yogesh1981
very very clearly i am saying its according to previous support on the chart volume profile clearly mentioned on it {image} {image}
well, your forecast went wrong pretty fast with oil going down to $18 (give or take few cents)
  • #7,348
  • Apr 17, 2020 5:41am Apr 17, 2020 5:41am
Quoting Yogesh1981
June contract 100% safe bet yes 100% safe bet to buy for crude as no negative bias is there......if you wanna buy crude buy for june 100% safe bet. check in the picture more information. {image}
what do you mean by no negative bias?
  • #7,349
  • Apr 17, 2020 5:44am Apr 17, 2020 5:44am
Quoting tonny47
{quote} what do you mean by no negative bias?
means overall contracts are in buying means positive
  • #7,350
  • Apr 17, 2020 5:44am Apr 17, 2020 5:44am
17 April 2020



Counter trend but there are hints of hidden RSI and stoch divergence on my H1 and H4 charts as such beginning to load long term long setup on Oil.
Stops at $13 looking for 35 then 40 USD targets.
Long 18.9


Green Pips
4&1 All Time Profit: $37,496
  • #7,351
  • Apr 17, 2020 5:53am Apr 17, 2020 5:53am
Quoting tonny47
{quote} what do you mean by no negative bias?
the above data in the chart is from Chicago mercantile exchange i am not the one who created it.........
  • #7,352
  • Apr 17, 2020 6:17am Apr 17, 2020 6:17am
Quoting Moty
{image}{image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200417-112616_MetaTrader 4.jpg Size: 683 KB

Time to buy oil
Make it Green
  • #7,353
  • Apr 17, 2020 6:36am Apr 17, 2020 6:36am
Quoting Yogesh1981
{quote} the above data in the chart is from Chicago mercantile exchange i am not the one who created it.........
oh, i didnt mean it that way, i just didnt understand what you meant exactly by negative bias
  • #7,354
  • Apr 17, 2020 7:14am Apr 17, 2020 7:14am
Quoting Ll1979
{quote} I would ask your broker how they calculate this. some example below https://www.tradefw.com/swaps/ https://admiralmarkets.com/start-tra...ing-calculator
thanks.

still dont know how to calculate it as I dont know the exact inputs they are using to calculate it. Its a lot more straightforward on FX

I got in touch with my broker but they basically had no clue and said at the end that it is what is provided to them by their liquidity providers

but i suspect that they will be calculating it as per my earlier email. which is a nightmare scenario
  • #7,355
  • Apr 17, 2020 7:50am Apr 17, 2020 7:50am
Most people are buying oil, I think temporarily should not buy because there is already surplus demand in this Chinese virus season, so there is not much need to move. I have recently lost crude oil. it hurts
  • #7,356
  • Apr 17, 2020 7:54am Apr 17, 2020 7:54am
Quoting tonny47
{quote} thanks. still dont know how to calculate it as I dont know the exact inputs they are using to calculate it. Its a lot more straightforward on FX I got in touch with my broker but they basically had no clue and said at the end that it is what is provided to them by their liquidity providers but i suspect that they will be calculating it as per my earlier email. which is a nightmare scenario
Their all kind of CFD brokers with their mixed rules Hope one day CMEgrop will provide some micro futures so everybody is freed from this junk.
persistence and determination alone are omnipotent
  • #7,357
  • Apr 17, 2020 8:41am Apr 17, 2020 8:41am
WTI market, right now, is like a twilight zone, at least to me... But it appears to offer interesting BUY opportunities RIGHT now.. Not sure If I should risk it at this mess and on Friday (afternoon in my timezone...)
Can you afford to take that chance?
  • #7,358
  • Apr 17, 2020 8:46am Apr 17, 2020 8:46am
Quoting auricforecas
WTI market, right now, is like a twilight zone, at least to me... But it appears to offer interesting BUY opportunities RIGHT now.. Not sure If I should risk it at this mess and on Friday (afternoon in my timezone...)
Ok, set TP at 24.31, that price difference (+0.24) would seem nice, specially at higher leverage
Can you afford to take that chance?
  • #7,359
  • Apr 17, 2020 8:48am Apr 17, 2020 8:48am
Quoting auricforecas
WTI market, right now, is like a twilight zone, at least to me... But it appears to offer interesting BUY opportunities RIGHT now.. Not sure If I should risk it at this mess and on Friday (afternoon in my timezone...)
Quoting auricforecas
{quote} Ok, set TP at 24.31, that price difference (+0.24) would seem nice, specially at higher leverage
Wow that was QUICK. TP HIT (Success)! Not bad... Crazy move... 0.24 price difference means about 50%/trade... at 50:1... Epic... Have enough for today, obviously
Can you afford to take that chance?
  • #7,360
  • Apr 17, 2020 8:57am Apr 17, 2020 8:57am
Before you buy WTI, better read this...

https://www.forexlive.com/news/!/oil...today-20200417
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