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21 minutes ago, dmedin said:

5, 4, 3, 2, 1 ... liftoff 😻

challenging near term resistance;

image.thumb.png.22245fbb0adf292292b3d8ed31688a2d.png

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Redbox Global @RedboxWire

1m

U.S. TO SELL UP TO 12M BARRELS OF OIL FROM STRATEGIC PETROLEUM RESERVE IN COMPLIANCE WITH 2015 BUDGET ACT - U.S DEPARTMENT OF ENERGY

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US Oil at the daily pivot 27.99, S1 at 26.81 and R1 at 29.16.

H4 chart;

image.thumb.png.3f72abfc00a10ff0ab54bc8236dbbbe7.png

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FXCM client sentiment over the last month, longs up 16% since yesterday.

image.png.825881b53c38da7fbcc423cd70a44fba.png

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1 hour ago, Caseynotes said:

FXCM client sentiment over the last month, longs up 16% since yesterday.

That's bad news, considering 77% of them are losing money 😢

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6 minutes ago, dmedin said:

That's bad news, considering 77% of them are losing money 😢

news coming soon if putin and the saudi's will fix a deal as per trumps finger wagging.

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Posted (edited)
2 minutes ago, Caseynotes said:

news coming soon if putin and the saudi's will fix a deal as per trumps finger wagging.

I sure hope so, I'm long on Crude!  But then I went to look at client sentiment and realized I'm probably about to lose again :D

Edited by dmedin
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Trading Floor Audio @TradeFloorAudio

6m

"Oil selling off sharply and erasing all of today's gains on reports Saudi Arabia said to be pushing for April baseline for oil output cuts"

H1 Chart;

image.thumb.png.85e0aeae71522b156e51d2095f168013.png

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I quit my long crude position with a small profit, too risky to hold on to.

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Guest Rolls Royce

What time is the announcement of the oil discussions?

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Oil currently taking a huge dump.  Phew!

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IG Client Help  @IGClientHelp

15m

!! Going into another volatile weekend, margin rates to open a NEW oil position have been increased to 15%.

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On 09/04/2020 at 16:28, dmedin said:

Oil currently taking a huge dump.  Phew!

I hope there's plenty of toilet paper left because oil is going to take a big smelly dump :(

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IG still quoting $25

The Spectator Index @spectatorindex

8m

BREAKING: WTI crude oil falls to below $20, to lowest in eighteen years.

 

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8 minutes ago, Caseynotes said:

IG still quoting $25

The Spectator Index @spectatorindex

8m

BREAKING: WTI crude oil falls to below $20, to lowest in eighteen years.

 

oh, so IG spot vs May futures;

see below for Jun and Jul prices;

image.png.54222166a35fef1265d2fdf5def2ceba.png

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Neil Wilson @marketsneil

THE INTERNATIONAL ENERGY AGENCY (IEA) SAYS GLOBAL OIL DEMAND FELL BY 29 MILLION BARRELS PER DAY IN APRIL. IT EXPECTS A DECREASE OF 9.3 MILLION BARRELS PER DAY IN 2020.

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Posted (edited)
13 minutes ago, Caseynotes said:

oh, so IG spot vs May futures;

see below for Jun and Jul prices;

image.png.54222166a35fef1265d2fdf5def2ceba.png

 

Edited by Marley

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Why IG quote is different from real price? On Tradingview the USOIL is quoted below $20 and IG it's over $25?

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26 minutes ago, Marley said:

Why IG quote is different from real price? On Tradingview the USOIL is quoted below $20 and IG it's over $25?

Spot price vs Futures

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33 minutes ago, Marley said:

Why IG quote is different from real price? On Tradingview the USOIL is quoted below $20 and IG it's over $25?

Hi, the Tradingview chart is derived from the May futures prices. See below the Tradingview US Oil and the IG May Futures chart.

image.thumb.png.e51ce3769b2148b2be06758e5695c076.png

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1 hour ago, Caseynotes said:

oh, so IG spot vs May futures;

see below for Jun and Jul prices;

image.png.54222166a35fef1265d2fdf5def2ceba.png

I see, thanks for that!

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