Prepare your dry powder because we will be buying oil soon.
Just like in 2016:
These were great times. I think this will be repeated soon.
Stay tuned.
Just like in 2016:
These were great times. I think this will be repeated soon.
Stay tuned.
Note
Tha May contract is dead. It’s below 15$ -20% drop today.Note
The spread between CLK and CLM IS 9$. The CLM needs to be discounted before I buy. Note
CLK is expiring today.Note
Buying CLM today? I think it's too early.I want to buy between 15 -20 $
Note
Buying CLM (June contract) is suicide when CLK (May contract) is running out and there is a price difference of 9$.Price will definetely be some kind of drop in the CLM before it bounces:
1. Smartmoney will not buy the June contract 9$ higher.
2. Hedge funds are playing for the gap close: they are probably shorting the CLM.
3. Retail - most of them is destroyed at 20-25$. The rest who is rolling over will have 40% less money to invest as the price between CLK and CLM is 9$.
Note
This chart is showing the May contract. Don’t get too excited you can’t buy oil at 8$. Or if you buy it will be closed tommorrow when contract expires. Noone can tell you if price is 4, 6 or 10& at that time...
Note
Note
We need to wait while the dust settles downWe want to see what happens to the June contract
Note
Say hi to 0.There are no buyers.
Note
OK. So right now the the CLM ( June contract) is doing what we are waiting for. It broke the previous low.Retail traders who didn’t sell CLK now went to zero. So they can’t buy the CLM. Hedge funds And smart money are waiting for A lower price.
Note
Wow. CLK went to negative.Note
June contract is selling off too.Note
14$
Note
The trendline is broken I will try to buy the tre trendline backtest...
Note
Or the tag of the 10 MA:Note
Still not decided if the june or july contract...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.