Everyone needs Oil in this world. There is no new energy source. Keep calm - buy low, sell high. Push greed down, reduce leverage and trade the moment. That's it.
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Disliked{quote} You guys missed yesterdays memo? May contract hit -40 dollar at lowest point. {image}Ignored
QuoteDislikedThe collapse…is mostly a reflection of traders rolling contracts to June as no one wants to take delivery because storage capacity is getting close to being reached,
Disliked{quote} 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...Ignored
Disliked{quote} You guys missed yesterdays memo? May contract hit -40 dollar at lowest point. {image}Ignored
Disliked{quote} And could you buy it for -40$...it's just price on an expiring contract...not the spot price {quote} https://www.marketwatch.com/story/us...nue-2020-04-19Ignored
Disliked{quote} Hope they'll roll the june contract soon enough, because it it does like the may contract, USO will lose 40% of its valueIgnored
Disliked{quote} rewards are far more better than worrying about meager swaps...Ignored
Disliked{quote} you could let them pay you $40 yesterday and have it delivered to your gardenIgnored
Disliked{quote} you could let them pay you $40 yesterday and have it delivered to your gardenIgnored
Disliked{quote} lol whats going to happened to June contract when they sell?! -$50?Ignored
Disliked{quote} Unfortunately despite the description I doubt it actually comes in barrels - alright if you have a big swimming poolIgnored
DislikedI just found this on another thread. I wonder if this will stop the oil trading nonsense. Worse though is that my compatriots will pay the price as usual through higher taxes while the un-responsible oil firms will benefit from their mistakes {image}Ignored
Disliked{quote} Everybody is predicting another deep fall, i would say now that we had such event, people will be scared and it may not happenIgnored
Disliked{quote} Not a bad idea Just to find a garden to store it Maybe I can use the apartment for storage and move the family to basementIgnored