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  • #7,901
  • Apr 30, 2020 3:17pm Apr 30, 2020 3:17pm
interesting
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  • #7,902
  • Apr 30, 2020 4:04pm Apr 30, 2020 4:04pm
can we repeat the pattern on monthly candle....if that's so then we will hit bottom again in may.... before moving up forward
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Extreme gut feeling trader
  • #7,903
  • Apr 30, 2020 4:21pm Apr 30, 2020 4:21pm
Quoting mario83
interesting {image}
What is more interesting Mario is that WTI went from $12 to $15 in the last two days
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  • #7,904
  • Apr 30, 2020 4:26pm Apr 30, 2020 4:26pm
Attached Image
  • #7,905
  • Apr 30, 2020 4:30pm Apr 30, 2020 4:30pm
Quoting mario83
Haven't found anything other than that. https://www.bloomberg.com/news/artic...premium-europe Georgia is small country so makes no difference.
i cannot believe people think we have passed the peak in the UK. thousands of new cases every day. people not taking lockdown seriously. even people I see outside - only around 5% I see in London wear masks (not sure how effective masks are in general, but still)
  • #7,906
  • Apr 30, 2020 4:40pm Apr 30, 2020 4:40pm
Quoting montygoldy
can we repeat the pattern on monthly candle....if that's so then we will hit bottom again in may.... before moving up forward {image}
i think price will go to test $21-23 then collapsing to $13-14 and then again picking back up. I would prefer being long in general but don't see the reason for overoptimism just yet
  • #7,907
  • Apr 30, 2020 5:30pm Apr 30, 2020 5:30pm
I think after you see businesses reopen the drawdown for oil will be immense. All the tanks and tankers are full with 12 million barrels on the way from Saudi Arabia. Those tankers will be here in 45-60 days. I also see wall street speculators keeping the price up so it doesn't collapse. 90% of all the wells in the USA are turned off. I think the price for oil will then move slowly higher. $20-$25
Patience, let the trade come to you.
  • #7,908
  • Apr 30, 2020 7:16pm Apr 30, 2020 7:16pm
The big risk to oil prices in the near-term is a spike in virus cases after restrictions are eased. Next couple of weeks could be pivotal for oil prices. Here's a look at this week's run. It's the continuous contract via TradeStation:
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  • #7,909
  • Apr 30, 2020 8:41pm Apr 30, 2020 8:41pm
Quoting EventsTrader
The big risk to oil prices in the near-term is a spike in virus cases after restrictions are eased. Next couple of weeks could be pivotal for oil prices. Here's a look at this week's run. It's the continuous contract via TradeStation: {image}
Even if there is a spike in virus cases I really Doubt any government around the world would shut down their economies again. It’s just too much economic pain. I think they would just deal with it the best they could with stricter social distancing measures and accept the loss of life
  • #7,910
  • May 1, 2020 1:48am May 1, 2020 1:48am
Quoting Kwame Freder
{quote} Even if there is a spike in virus cases I really Doubt any government around the world would shut down their economies again. It’s just too much economic pain. I think they would just deal with it the best they could with stricter social distancing measures and accept the loss of life
They dont care anymore, it actually works out pretty good for them, virus is mostly killing the senior population so its a relief for pension funds lol
  • #7,911
  • May 1, 2020 2:38am May 1, 2020 2:38am
Quoting shiftyxxpc
{quote} They dont care anymore, it actually works out pretty good for them, virus is mostly killing the senior population so its a relief for pension funds lol
its tough but i need to agree. If you see statistics people 70+ are majority of those who die.
However it doesnt balance economy loss
  • #7,912
  • May 1, 2020 4:11am May 1, 2020 4:11am
Quoting PokerChip
90% of all the wells in the USA are turned off.
Do you have a source for that?
  • #7,913
  • May 1, 2020 9:01am May 1, 2020 9:01am
It’s Friday and I hate to trade on Fridays because of all the shenanigans but I believe something is brewing. We could get a nice move after a couple fake ones.
  • #7,914
  • May 1, 2020 2:58pm May 1, 2020 2:58pm
Ok, so I'm a noob in trading overall, but usually the prices at different brokers are more or less the same. However, I have accounts at Oanda and ICmarkets and the prices and price movements are completely different. What is the reason for this, can someone explain. Thanks in advance.
  • #7,915
  • May 1, 2020 4:07pm May 1, 2020 4:07pm
Quoting DoTrouble
Ok, so I'm a noob in trading overall, but usually the prices at different brokers are more or less the same. However, I have accounts at Oanda and ICmarkets and the prices and price movements are completely different. What is the reason for this, can someone explain. Thanks in advance.
Most common difference is the Spot price vs future price. On top of that their are several futures for example june july etc.
persistence and determination alone are omnipotent
  • #7,916
  • May 1, 2020 4:08pm May 1, 2020 4:08pm
Slow day for trading but WTI gained $0.33 to finish above $15 for the second day in a row.
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  • #7,917
  • May 2, 2020 4:15am May 2, 2020 4:15am
Goldman Sachs
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #7,919
  • May 2, 2020 5:32am May 2, 2020 5:32am
I expect oil to retest the lows or at least to correct deeper before giving us an opportunity to buy more.
  • #7,920
  • May 2, 2020 10:00am May 2, 2020 10:00am
Quoting DMA Trader
Goldman Sachs {image}
honestly, i was just reading it in news. they changed the tune altogether from super negative to very positive.

July contract is trading at around $22.50, so how wrong could they be about reaching $25 in the next few weeks... no shit Sherlock (referring to Goldman), July oil is pretty much trading at $25... Oh and they also said that demand is picking up and supply has been reduced. Quality analysis and forecast!

What does it even mean "relief", "cyclical tightening" and "structural repricing"??? Genuinely not sure what that means

https://markets.businessinsider.com/...0-5-1029156037
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