- Search Forex Factory
- 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.
WTI Crude Oil Trading
- 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 ...
WTI Crude Oil Trading
- 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 ...
WTI Crude Oil Trading
- 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 ...
WTI Crude Oil Trading
- Wightoil replied Apr 17, 2020
So if I understand it correctly, as the financing is charged/credited over the w/e it might be good to be short at late Friday closing and review that position at the Sunday opening.. On second thoughts they would be artificially increasing the ...
OANDA Discussion
- Wightoil replied Apr 17, 2020
Thanks Hutch - maybe I made the trades after the cut off and the financing will show up tonight. Do I understand correctly that OANDA will incrementally load their CFD price until it meets the June contract price on the 21st. In order that you don't ...
OANDA Discussion
- Wightoil replied Apr 17, 2020
WTI - Now $44 to hold a 100bbl long position overnight. So the reverse is true that you can short 100 overnight and be in the money as long as it moves less than 43c against you. Make sense or am I dreaming? EDIT - Dreaming - according to OANDA's ...
OANDA Discussion
- Wightoil replied Apr 16, 2020
Ha ! Yeah I was trading the daily/weekly as it was a mid term play - I'm not alone in this as money is pouring into the WTI ETCs on the basis that it can "never" be free. I am guessing that the world and his Aunt just bailed out of WTI on Oanda, I ...
OANDA Discussion
- Wightoil replied Apr 16, 2020
Any thoughts on tariffs being imposed on incoming Saudi oil, or too big a hit for the refineries? Otherwise looks like a dead cat bounce off $20 at the moment
WTI Crude Oil Trading
- Wightoil replied Apr 15, 2020
Newb here coming from Oanda UK Forex, into oil, - amateur not pro! Long on WTI around $23 a week ago, took a relatively small position to leave enough acc space for margin all the way down to $12 as I was looking at a 6 month hold. I also allowed ...
OANDA Discussion