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WTI Crude Oil Trading

  • #7,581
  • Apr 21, 2020 1:49pm Apr 21, 2020 1:49pm
Quoting mario83
i cant copy info from my terminal but: {image}
Hope they'll roll the june contract soon enough, because it it does like the may contract, USO will lose 40% of its value
COT: The precious data ignored
  • #7,582
  • Apr 21, 2020 1:51pm Apr 21, 2020 1:51pm
honestly, this is just messed up. thanks to my trades being disabled, my pending order at $10 didn't get triggered had a target of $14 on it
  • #7,583
  • Apr 21, 2020 1:51pm Apr 21, 2020 1:51pm
Can CFD go below zero ?
No pain no gain. Psychology foundation for success
  • #7,584
  • Apr 21, 2020 2:01pm Apr 21, 2020 2:01pm
people with deep pockets... this is the time to add monster longs and hold it for a year or so...
everytime it goes below 10$.. i am adding longs.... preparing my wti account for deep holding...only thing for margin call going to be 0$
Extreme gut feeling trader
  • #7,585
  • Apr 21, 2020 2:03pm Apr 21, 2020 2:03pm
Quoting montygoldy
people with deep pockets... this is the time to add monster longs and hold it for a year or so... everytime it goes below 10$.. i am adding longs.... preparing my wti account for deep holding...only thing for margin call going to be 0$
and what about swap?
  • #7,586
  • Apr 21, 2020 2:11pm Apr 21, 2020 2:11pm
Quoting majklicek
Can CFD go below zero ?
Yes and no

If your broker have a good rolling schedule and strategy then its not possible because they'll roll the contrat way ahead of the rolling date

But if the contract is going negative like 20 days before expiry (which is like a black swan) then it could go negative in theory
COT: The precious data ignored
  • #7,587
  • Apr 21, 2020 2:12pm Apr 21, 2020 2:12pm
OANDA WTI PRICE 12.438 at the moment
CMC markets WTI price @7.421

dailyfx quote @13.00
pepperstone xtiusd @14.16?

why so different?
  • #7,588
  • Apr 21, 2020 2:20pm Apr 21, 2020 2:20pm
Quoting demark1
OANDA WTI PRICE 12.438 at the moment CMC markets WTI price @7.421 dailyfx quote @13.00 pepperstone xtiusd @14.16? why so different?
Rolling date
COT: The precious data ignored
  • #7,589
  • Apr 21, 2020 2:21pm Apr 21, 2020 2:21pm
Quoting armaros
{quote} and what about swap?
rewards are far more better than worrying about meager swaps...
Extreme gut feeling trader
  • #7,590
  • Apr 21, 2020 2:24pm Apr 21, 2020 2:24pm
Quoting kuroro001
{quote} Yes and no If your broker have a good rolling schedule and strategy then its not possible because they'll roll the contrat way ahead of the rolling date But if the contract is going negative like 20 days before expiry (which is like a black swan) then it could go negative in theory
I checked with Dukascopy, IC Markets, and FxPro. All of them confirmed that the CFD price for WTI.CMD/USD, XTIUSD, and WTI all can go below 0...
  • #7,591
  • Apr 21, 2020 2:29pm Apr 21, 2020 2:29pm
Quoting demark1
OANDA WTI PRICE 12.438 at the moment CMC markets WTI price @7.421 dailyfx quote @13.00 pepperstone xtiusd @14.16? why so different?
pepperstone closed wti and now opened spot crude with price now 7.30
  • #7,592
  • Apr 21, 2020 2:32pm Apr 21, 2020 2:32pm
Quoting kuroro001
{quote} Rolling date
? its not future

Huge price difference
each market maker set its own pace.
  • #7,593
  • Apr 21, 2020 2:39pm Apr 21, 2020 2:39pm
Do you guys think WTI US oil will get to $0. It has gone down to $7.
  • #7,594
  • Apr 21, 2020 2:45pm Apr 21, 2020 2:45pm
Quoting oliveroky
Do you guys think WTI US oil will get to $0. It has gone down to $7.
could be. it's all out war who kills who first. i was sure it's war against US oil, but looks like all other exporters gona run out of $$ sooner. especialy if trump will ban saudis import.
  • #7,595
  • Apr 21, 2020 2:47pm Apr 21, 2020 2:47pm
Quoting demark1
{quote} ? its not future Huge price difference each market maker set its own pace.
CFD prices are based on the future prices, hence a lot of CFD have expiry, the one who haven't are rolled over
COT: The precious data ignored
  • #7,596
  • Apr 21, 2020 2:51pm Apr 21, 2020 2:51pm
Quoting oliveroky
Do you guys think WTI US oil will get to $0. It has gone down to $7.
Just imagine OIL going to 0$..there's your lifetime supply for..well everything

ps. not gonna happen
  • #7,597
  • Apr 21, 2020 2:55pm Apr 21, 2020 2:55pm
Quoting montygoldy
{quote} rewards are far more better than worrying about meager swaps...
swap is 260% in oanda...no way to hold it at all...at least not for me.
  • #7,598
  • Apr 21, 2020 2:59pm Apr 21, 2020 2:59pm
Quoting merquise
{quote} Just imagine OIL going to 0$..there's your lifetime supply for..well everything ps. not gonna happen
You guys missed yesterdays memo?

May contract hit -40 dollar at lowest point.
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persistence and determination alone are omnipotent
  • #7,599
  • Apr 21, 2020 3:03pm Apr 21, 2020 3:03pm
Quoting demark1
{quote} ? its not future Huge price difference each market maker set its own pace.
price 11.18 wti crude - on my chart spot crude 3.43
i asked pepperstone about spot crude wti

Support
Every broker use different liquidity providers
Our oil instruments are cash products which are derived from a blend of futures instruments. If an LP/Broker uses difference futures products to create their cash product price, then they will have a different cash price. The cash market for oil is not an exchange traded product, so price differences between brokers can occur. What you'll notice however is that prices, despite their differences will tend to follow the same trend. They generally tick 1 for 1 with each other.
Please keep in mind that when you are trading oil with Pepperstone you are trading the prices that we feed through to the platform from our LPs, not the prices available at other brokers. Since cash markets for oil are not exchange traded, there is not 1 cash reference price.
Support
6:47 PM
okey. so price wil not go below 0?
6:51 PM
It is unprecedented times in Oil markets, we do not see the price of oil reaching $0 on the spot market, however, as this is a price derived using a futures contract this while rare is a possibility
Being an unprecedented time and seeing prices on futures contracts entering negatives for the first time, we advice all clients to assess their own risk strategy and tolerance during in this period; if you are not comfortable with the increase in risk presently in the market we would strongly urge you to assess if this asset class is appropriate to trade at this time
  • #7,600
  • Apr 21, 2020 3:04pm Apr 21, 2020 3:04pm
Yeah, I agree with someone that said WTI should be renamed to WTF I mean... there is not much else to do than to wait... I sure as hell won't bet on the FALL (not saying it can't fall further)... but I just can not afford to be bear-trapped... So if there is times when "not trading" seems "more profitable"... this is definitely it, at least in my book, at my trading style It is almost a joke... What do you guys think, SHORTING, BUYING or S*ORTING ?))

For me, basically.. either I BUY it or I am out... I mean we are talking about OIL here... the same commodity they have been fearing us we are running out of, since the MAD MAX at least
Can you afford to take that chance?
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