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WTI Crude Oil Trading

  • #7,541
  • Apr 21, 2020 8:39am Apr 21, 2020 8:39am
Lets face it, its heading towards 0 dollars
COT: The precious data ignored
  • #7,542
  • Apr 21, 2020 9:07am Apr 21, 2020 9:07am
managed to get an uncomfortable short in for 60+. i'm considering taking a long now
  • #7,543
  • Apr 21, 2020 9:21am Apr 21, 2020 9:21am
Quoting Kwame Freder
managed to get an uncomfortable short in for 60+. i'm considering taking a long now
it might bounce over here. I am not fighting the trend
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persistence and determination alone are omnipotent
  • #7,544
  • Apr 21, 2020 9:33am Apr 21, 2020 9:33am
It's been bouncing off 14 for the afternoon, if the hourly closes below 14 I'm probably in short again. What is there to drive it higher ? The SPR at - 75 Mbbl of space - about 3 days and d it can only load 0.5M a day anyway? Can't think of any coming good news or even rumour
  • #7,545
  • Apr 21, 2020 9:33am Apr 21, 2020 9:33am
Quoting Ll1979
{quote} it might bounce over here. I am not fighting the trend {image}
wise not to. was waiting for a rejection
  • #7,546
  • Apr 21, 2020 9:40am Apr 21, 2020 9:40am
13 dollars left to go before buying guys
COT: The precious data ignored
  • #7,547
  • Apr 21, 2020 9:41am Apr 21, 2020 9:41am
What is the minimun Price for the Saudis to be break even in Profit?

Is it 10 USD?
  • #7,548
  • Apr 21, 2020 9:43am Apr 21, 2020 9:43am
Quoting kuroro001
13 dollars left to go before buying guys
Should change it's symbol to WTF
  • #7,549
  • Apr 21, 2020 9:44am Apr 21, 2020 9:44am
Us session not slowing down at this moment,,,but , myself calling it a day after europe is closed.
Last trade I switched to 3 contracts, as 2 trades before that I got caught a bit. Part of of it.
Over all great day.
First runner was a good green push for the day.
Nearly plus 3 k after commission.
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making money in JimB2468 trading room
  • #7,550
  • Apr 21, 2020 9:46am Apr 21, 2020 9:46am
Quoting renkotop
What is the minimun Price for the Saudis to be break even in Profit? Is it 10 USD?
I think it was 14 dollars

But imagine countries like venezuela, nigeria, algeria... They'll go broke
COT: The precious data ignored
  • #7,551
  • Apr 21, 2020 9:48am Apr 21, 2020 9:48am
crude -42%.
don't predict direction, but dance with flow of water
  • #7,552
  • Apr 21, 2020 9:54am Apr 21, 2020 9:54am
Quoting kuroro001
{quote} I think it was 14 dollars But imagine countries like venezuela, nigeria, algeria... They'll go broke
Thanks for Reply.

So Saudis they have almost only oil to sell (Export) it would intelligent if they cut production more than they actally do. Let us see if they are intelligent
  • #7,553
  • Apr 21, 2020 10:00am Apr 21, 2020 10:00am
Quoting Moty
{image}
Moty i would suggest stop buying instead keep selling whenever it goes up... there is nothing out there for a up move... no demand at all...
Extreme gut feeling trader
  • #7,554
  • Apr 21, 2020 10:02am Apr 21, 2020 10:02am
You can see all the interest here, looks like buyers

If they can solve the storage issue, a mission to 60 dollars may happen

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COT: The precious data ignored
  • #7,555
  • Apr 21, 2020 10:11am Apr 21, 2020 10:11am
Quoting renkotop
{quote} Thanks for Reply. So Saudis they have almost only oil to sell (Export) it would intelligent if they cut production more than they actally do. Let us see if they are intelligent
IMO they just want to kill the competition, its an easy thing to do

It reminds me of the situation of the coffee back in the months. Producers couldn't handle a price below 1 dollars and a lot of producers went broke, it stayed below and dipped for days...then it surged hard (before falling back again) and now its more or less stable
COT: The precious data ignored
  • #7,556
  • Apr 21, 2020 10:19am Apr 21, 2020 10:19am
Quoting kuroro001
{quote} IMO they just want to kill the competition, its an easy thing to do It reminds me of the situation of the coffee back in the months. Producers couldn't handle a price below 1 dollars and a lot of producers went broke, it stayed below and dipped for days...then it surged hard (before falling back again) and now its more or less stable
kuroro001, you might be Right!
  • #7,557
  • Apr 21, 2020 10:24am Apr 21, 2020 10:24am
Quoting patient pip
Us session not slowing down at this moment,,,but , myself calling it a day after europe is closed. Last trade I switched to 3 contracts, as 2 trades before that I got caught a bit. Part of of it. Over all great day. First runner was a good green push for the day. Nearly plus 3 k after commission. {image}
Nice trading champ!
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persistence and determination alone are omnipotent
  • #7,558
  • Apr 21, 2020 10:49am Apr 21, 2020 10:49am
Quoting kuroro001
13 dollars left to go before buying guys
10 dollars left to go....maybe tomorrow we could buy at 0

EDIT : 7 dollars
COT: The precious data ignored
  • #7,559
  • Apr 21, 2020 10:50am Apr 21, 2020 10:50am
wow oil getting crushed
  • #7,560
  • Apr 21, 2020 10:50am Apr 21, 2020 10:50am
Around 5.xx circuit breakers will be activated
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persistence and determination alone are omnipotent
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