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WTI Crude Oil Trading

  • #7,441
  • Apr 20, 2020 1:27pm Apr 20, 2020 1:27pm
Quoting Ll1979
{image}
What happened? WTI is disappearing from the surface of the globe?
COT: The precious data ignored
  • #7,442
  • Apr 20, 2020 1:29pm Apr 20, 2020 1:29pm
Quoting LloydOz
{quote} Those screen shots are pretty cool. How do you do them from the CME site? I'm stuffed if I can. Must be an editing trick. Technology; I can hardly spell it.
press print screen and edit it with notepad.
persistence and determination alone are omnipotent
  • #7,443
  • Apr 20, 2020 1:31pm Apr 20, 2020 1:31pm
WTI is -7 https://www.bloomberg.com/energy
  • #7,444
  • Apr 20, 2020 1:31pm Apr 20, 2020 1:31pm
What a joke -12 dollars

Attached Image
COT: The precious data ignored
  • #7,445
  • Apr 20, 2020 1:32pm Apr 20, 2020 1:32pm
THIS is not what we see all time. The Historical Time!
Attached Image
  • #7,446
  • Apr 20, 2020 1:47pm Apr 20, 2020 1:47pm
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It's a history friends!
Trading ES with Quantower
  • #7,447
  • Apr 20, 2020 1:55pm Apr 20, 2020 1:55pm
Does anyone want to buy a WTI call when the price goes negative?
Attached Image (click to enlarge)
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  • #7,448
  • Apr 20, 2020 1:55pm Apr 20, 2020 1:55pm
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 109 KB

Costs on crude oil storage can be much higher compare to losses from long positions
current situation on Quantower platform https://www.quantower.com/
Trading ES with Quantower
  • #7,449
  • Apr 20, 2020 2:32pm Apr 20, 2020 2:32pm
Oil Volatility index
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 99 KB


Various oils: Dubai Exchange (OQ), CME (WTI), ICE (Brent LCO), Shanghai Energy Exchange (ISC)
Attached Image (click to enlarge)
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Trading ES with Quantower
  • #7,450
  • Apr 20, 2020 2:49pm Apr 20, 2020 2:49pm
It's like they have to pay us! awesome!
  • #7,451
  • Apr 20, 2020 2:59pm Apr 20, 2020 2:59pm
Quoting Forex.RayV1
It's like they have to pay us! awesome!
stawks should folow same direction. lets wait some
  • #7,452
  • Apr 20, 2020 4:13pm Apr 20, 2020 4:13pm
Quoting kuroro001
What a joke -12 dollars {image}
Isn`it lovely. I got paid to take 3 mill bbl of WTI crude for USD 28 mill as commission and fees was knocked off the gross. Turned around and rented a 500K ton VDL Supermax, stacked it in Galveston, and will wait for some 9-12 months, and sell it again, for what….I dont know….?? but better than USD -12 /bbl, and the cost for this year is a BE business. Yes, it is rare. It is always the imballance you make the fast and decent money on.
  • #7,453
  • Apr 20, 2020 4:19pm Apr 20, 2020 4:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: oil.jpg Size: 52 KB
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #7,454
  • Apr 20, 2020 4:39pm Apr 20, 2020 4:39pm
Quoting DMA Trader
{image}
Omo no be small thing
Make it Green
  • #7,455
  • Apr 20, 2020 4:40pm Apr 20, 2020 4:40pm
In another thread:
Attached Image

Just for a smile
  • #7,456
  • Apr 20, 2020 4:42pm Apr 20, 2020 4:42pm
Quoting DMA Trader
{image}
this is F gold


hahahahaha lol
  • #7,457
  • Edited 6:54pm Apr 20, 2020 5:58pm | Edited 6:54pm
Lots of traders that didn't understand how futures delivery/expiration works got caught holding contracts today.

What did the Saudis and Russia think would happen when they launched a price war when the global economy stopped. They grossly underestimated the pre/post covid destruction in demand. Then, flooded the market with oil.

The supply glut hasn't clearly showed up in the data yet. The drop-off of demand hasn't clearly presented itself yet either. I'm not sure what I'm missing because oil is looking like a solid shorting opportunity right now. I'm not pulling the trigger on it because it seems too obvious.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #7,458
  • Apr 20, 2020 9:14pm Apr 20, 2020 9:14pm
can anybody answer my question? why my broker USoil price is above 20 $ while we see everywhere the negative oil price?
how is it possible?
  • #7,459
  • Apr 20, 2020 10:03pm Apr 20, 2020 10:03pm
Quoting EventsTrader
Lots of traders that didn't understand how futures delivery/expiration works got caught holding contracts today. What did the Saudis and Russia think would happen when they launched a price war when the global economy stopped. They grossly underestimated the pre/post covid destruction in demand. Then, flooded the market with oil. The supply glut hasn't clearly showed up in the data yet. The drop-off of demand hasn't clearly presented itself yet either. I'm not sure what I'm missing because oil is looking like a solid shorting opportunity right now....
Thats right, total confusion for many. Could it EVER be possible that oil futures went negative as well do you think?
Emotional Control. Process, not outcome.
  • #7,460
  • Apr 20, 2020 10:07pm Apr 20, 2020 10:07pm
Quoting mazavar
can anybody answer my question? why my broker USoil price is above 20 $ while we see everywhere the negative oil price? how is it possible?
Your broker isn’t quoting the May contract, which is the only one to close negative. Contango is huge right now.
Self-sufficiency is the greatest of all wealth. - Epicurus
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