OIL - The next big thing. Again.

17 апр. 2020 г.

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.

20 апр. 2020 г.

Заметка

Tha May contract is dead. It’s below 15$ -20% drop today.

20 апр. 2020 г.

Заметка

The spread between CLK and CLM IS 9$. The CLM needs to be discounted before I buy.

20 апр. 2020 г.

Заметка

CLK is expiring today.

20 апр. 2020 г.

Заметка

Buying CLM today? I think it's too early.
I want to buy between 15 -20 $

20 апр. 2020 г.

Заметка

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$. The rest who is rolling over will have 40% less money to invest as the price between CLK and CLM is 9$.

20 апр. 2020 г.

Заметка

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...

20 апр. 2020 г.

Заметка

20 апр. 2020 г.

Заметка

We need to wait while the dust settles down
We want to see what happens to the June contract

20 апр. 2020 г.

Заметка

Say hi to 0.

There are no buyers.

20 апр. 2020 г.

Заметка

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.

20 апр. 2020 г.

Заметка

Wow. CLK went to negative.

21 апр. 2020 г.

Заметка

June contract is selling off too.

21 апр. 2020 г.

Заметка

14$

1 мая 2020 г.

Заметка

The trendline is broken I will try to buy the tre trendline backtest...

1 мая 2020 г.

Заметка

Or the tag of the 10 MA:

1 мая 2020 г.

Заметка

Still not decided if the june or july contract...