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- Wightoil replied Jun 7, 2020
Check the WTI financing cost on the page you linked above, -265%
- Wightoil replied Jun 3, 2020
I hear you on this one, why the hell is WTI still 265% funding when the fwd contract are now much more aligned - Brent is 43% that massive WTI financing hike pushed me out of my position for a big loss that would now be profitable - advance warning ...
- Wightoil replied May 11, 2020
This is like looking at an overdraft growing by £1000 a week and deciding to cancel your £10 a month Netflix subscription
- Wightoil replied May 5, 2020
What !? You mean some people are on here subtly pushing a paid service ?! With amazing results ?! Backed up by screen shots ?! I'm shocked. You will be telling me that the Pope is Catholic next.. Back on topic, Oanda's CFD's are ...
- Wightoil replied May 5, 2020
Even if the world is very slowly coming out the other side of the pandemic (by which I mean first world as that's what there is the most real data on), who's going to buy freshly pumped oil when the world and his granny has oil in storage that is ...
- Wightoil replied Apr 30, 2020
Yea I think everyone is getting a bit trigger happy, only takes a small up twitch and it's . on the buy button. Me, I have a chart littered with Buy and Sell stops because it'll all take off and I'll be walking the dog or ...
- Wightoil replied Apr 30, 2020
Personally I think there will be a speculation driven rally based on hopes and dreams, until the reality of having to sell the contracts into a world awash with oil sets in at which point it will come straight back down again as reality takes over. ...
- Wightoil replied Apr 28, 2020
Sorry, yes, June - fat fingers! Bl**dy good question ! No idea why the price would go up - hence I shorted (almost) at the top of the spike.
- Wightoil replied Apr 28, 2020
Not a clue, but managed to sell at the top and picking up a few cents on the way back down. US OIL fund dumping all it's July futures in batches over the next few days - so the price goes up. Of course it does.
- Wightoil replied Apr 27, 2020
Sorry, could not resist (grrr.. timestamp not working) url
- Wightoil replied Apr 27, 2020
I woke up to find my WTI sell stop had been hit and in profit already - though it's not moving much. The fundamentals are just too strong, so unless Mr Fibonacci has an ULCC or 10 handy... I'm short. I've been caught twice with a SL too tight though ...
- Wightoil replied Apr 24, 2020
Great video Hutch Anyone else think the rig count might be perceived as good news and give a temporary blip up? I've set a buy stop - I usually get the spacing wrong, but practice and all that EDIT ... Or not, flat as an oil slick on glass
- Wightoil replied Apr 22, 2020
No negative CFD's from Oanda : We can confirm that in the scenario where the underlying futures contract price that we are pricing one of our CFDs from turns negative, OANDA`s price will not drop below the minimum price increment for that particular ...
- Wightoil replied Apr 21, 2020
Cushing storage is full, all remaining space has been booked out since Mid March apparently url
- Wightoil replied Apr 21, 2020
Unfortunately despite the description I doubt it actually comes in barrels - alright if you have a big swimming pool
- Wightoil replied Apr 21, 2020
API in a few mins, sure that will have some interesting news!. Anyone brave enough? Though I think that all the bad news is priced in so unless it is MUCH worse/better than anticipated don't think there will be much of a movement.
- Wightoil replied Apr 21, 2020
Should change it's symbol to WTF
- Wightoil replied Apr 21, 2020
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 ...
- Wightoil replied Apr 21, 2020
Lest face it well all have as much experience as each other in this scenario - ie none! For my 2p worth I think it will stay as for movement you need buyers and sellers. Sellers will only sell if they have to at this price and buyers can't put it ...
- Wightoil replied Apr 21, 2020
So no ones using much and that's unlikely to change in the short term, supply vastly outstrips demand, very shortly there will be nowhere to store it and the taps are still on.... From my experience of market logic so far that probably means a big ...