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Crude couldn't maintain the 27 level today.....mostly hung in the mid-26's.

Nice come back.

Plenty of liquidity today.....limit orders should be no problem.

Market or Limit order ?

CL seems to have found support in the mid-26 level.

2635 is recent highs in ES.

2565 HOE (High Of Evening) for ES....now going sideways. What say yee ?

How can this be optimistic ?

Indeed, pullback to 2505 level was a launch pad back to 2520.

At this point CL is kind of splitting the difference between 20 and 30....which makes sense. 20 was too dour and 30 was too optimistic in the near term.

Boom...right off the bat at 6pm....crude down around 9%. ES up 30. Interesting....I would have thought ES would follow crude at this point.

Thanks for that....now it's really gonna be rock 'n roll for oil on Monday. Remember, we went from 20 to 30 in CL in practically a week.

https://www.bloomberg.com/news/articles/2020-04-03/opec-to-hold-virtual-meeting-monday-as-trump-pushes-for-cut OPEC meeting on Monday.....could mean volatility for sure.

au contraire......he called the bottom in the crude market.....and then cleaned-up.

2460

CNBC's Steve Grasso said crude oil had a large, positive impact on the equity market today. Thoughts ?

PA Too wild. I think B1S2 is still holding his long position......not sure.

For CL or ES ?

Must congratulate B1S2 on his crude oil call. He's gotta be up at least $5k per contract.

Not possible IMHO....not with the Saudi annoucement of an OPEC meeting. That should put a floor into it.