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  • #8,001
  • May 6, 2020 9:54am May 6, 2020 9:54am
Quoting mario83
{quote} I guess it shall go higher. Have you guys heard about airlines putting their planes in the air from June 1st? Heard of Wizzar / RynAir so far. Some other EU airlines planns to launch first flights (most likely domestic?). Don't know about US and Latin America.
surely, it will help with demand but its not going to be nowhere near as frequent as before.

having spoken to number of friends living in London (working in business offices), their employers hint that its likely that they will be working from home till the end of the year. obviously non-essential workers, unlike people working in stores, bus drivers etc.
  • #8,002
  • May 6, 2020 9:56am May 6, 2020 9:56am
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  • #8,003
  • May 6, 2020 10:17am May 6, 2020 10:17am
Quoting tonny47
{quote} surely, it will help with demand but its not going to be nowhere near as frequent as before. having spoken to number of friends living in London (working in business offices), their employers hint that its likely that they will be working from home till the end of the year. obviously non-essential workers, unlike people working in stores, bus drivers etc.
And then Home Office will become a new common behaviour (that is one of our habits which will change)...

BTW. cheap air tickets are usually in advance. Who will buy such tickets if uncertainity is still on the air?
So I think, mostly business essential travels will start, some returns from abroad etc. But still no massive holiday travels. Especially with such a high unemployment ratios. For holiday travels we need to wait.
  • #8,004
  • May 6, 2020 10:23am May 6, 2020 10:23am
Quoting ytong
{quote} And then Home Office will become a new common behaviour (that is one of our habits which will change)... BTW. cheap air tickets are usually in advance. Who will buy such tickets if uncertainity is still on the air? So I think, mostly business essential travels will start, some returns from abroad etc. But still no massive holiday travels. Especially with such a high unemployment ratios. For holiday travels we need to wait.
pretty much about home office - i have seen it even in previous years. many of the employers have lower building capacity than they have employees. rent is just too high in London.

essential business travel? again, i think companies will reassess what really is essential and how much can be done remotely. they survived months afteral without travel for the past few months. its going to be slow recovery in my opinion but i could be completely wrong
  • #8,005
  • May 6, 2020 11:07am May 6, 2020 11:07am
littlel dip today
  • #8,006
  • May 6, 2020 11:55am May 6, 2020 11:55am
When the US stock of crude oil came down 3.17 million bbl from the consensus WTI went up 60¢ as it should because this was good news. However, this did not last and now it has resumed it's downward slide. Does anyone has any idea as to why?
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  • #8,007
  • May 6, 2020 12:11pm May 6, 2020 12:11pm
Weekly U.S. Field Production of Crude Oil (Thousand Barrels per Day)
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persistence and determination alone are omnipotent
  • #8,008
  • May 6, 2020 12:13pm May 6, 2020 12:13pm
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persistence and determination alone are omnipotent
  • #8,009
  • May 6, 2020 12:13pm May 6, 2020 12:13pm
doubt this support area will hold will be looking for buy opportunities if it breaks lower then bounces
  • #8,010
  • Edited 1:58pm May 6, 2020 12:42pm | Edited 1:58pm
very good day in the room

me - $2 900
jimb2468 - $6 000+ //had to update his :-)//

PS. added- picture how it is done inside the room
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making money in JimB2468 trading room
  • #8,011
  • May 6, 2020 1:12pm May 6, 2020 1:12pm
is wti market open on Friday 8th May (I suspect it is, just double checking - bank holiday in some countries)
  • #8,012
  • May 6, 2020 1:16pm May 6, 2020 1:16pm
Quoting tonny47
is wti market open on Friday 8th May (I suspect it is, just double checking - bank holiday in some countries)
Futures market is open.

source:

https://www.cmegroup.com/tools-infor...html#cmeGlobex
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persistence and determination alone are omnipotent
  • #8,013
  • May 6, 2020 2:56pm May 6, 2020 2:56pm
Quoting Ll1979
{quote} Futures market is open. source: https://www.cmegroup.com/tools-infor...html#cmeGlobex {image}
thanks!
  • #8,014
  • May 6, 2020 4:11pm May 6, 2020 4:11pm
WTI went down $0.98 today or 5%. Traders were not impressed by the crude oil inventory reduction of 3.17 bbl.
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  • #8,015
  • May 6, 2020 8:39pm May 6, 2020 8:39pm
Well this is going to be interesting. Price looks bid at this level (wicks on the 4H charts, both WTI and Brent, and resistance kicking in). Between NFP tomorrow and the June contract rolling over end of next week, will market sell off as the jitters take hold pending another rout like the May contract?
  • #8,016
  • May 6, 2020 11:10pm May 6, 2020 11:10pm
7 May 2020

Looking at these levels for the day

25.19
24.75
23.4
21.4
18.62
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4&1 All Time Profit: $37,496
  • #8,018
  • May 7, 2020 5:14am May 7, 2020 5:14am
Read it carefully

In picture 4 big trades taken recently on cl .
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  • #8,019
  • May 7, 2020 8:16am May 7, 2020 8:16am
Quoting Yogesh1981
Read it carefully In picture 4 big trades taken recently on cl . {image} {image} {image} {image}
https://www.energyexch.com/showthrea...9#post12919989


LOL, these two posts are hilarious
  • #8,020
  • May 7, 2020 8:21am May 7, 2020 8:21am
Storage capacity is still a major problem, especially for WTI

"That inventory overhang means there’ll be a lag in the price rally compared to equity markets, Khoman said. “In the immediate couple of weeks, we still expect significant volatility with more spikes to the downside to front-month oil prices given the sizable oversupply that has yet to be cleared.”

https://www.cnbc.com/2020/05/07/oil-...ysts-warn.html
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