Search results

This market is getting freaking crazy by the day. That's all I'm gonna say. :confused:

Oh, I'm sure they'll stitch together some rescue package for the oil industry. Or maybe they'll just quietly add it on top of some existing bailouts. Who knows? It probably won't even be a headline news. Just keep your eyes open WWWWWIIIIIIDDDDEEEEEE :finger: BTW CL dropped nearly $3 since you...

My hunch is that, at some point, the Fed will get in on this. They'll scoop up every little drop of oil and put it on their balance sheet. That's when you want to get in long, not now.

Unless the economy opens back up fairly quickly, I think it's a given that we drop below zero again.

You gotta be kidding me. :banghead: If what you say is true, would you want to trust your hard-earned money with these slow firms? BTW WTI is CL. :rolleyes: Man, do most of you even trade the crude oil futures? If not, STFU.

I beg to differ. IB has always been very strict on margins and their handling of the futures is impeccable in my view. If there's a brokerage out there that I feel most confident in investing, it would be IB. How I see this is two-fold: 1) There was a technical glitch in their system. 2)...

CME has been sending out their "Advisory Notices" since April 3 regarding negative prices. I highly doubt a reputable firm like IB would have overlooked them. https://www.cmegroup.com/notices/electronic-trading/2020/04/20200403.html#pageNumber=1

Thanks for the clarification. But that would still imply shortage not excess. If there aren't enough to process the chickens, hogs, etc, it would create a scarcity. Scarcity leads to less supply, and less supply means higher prices for the consumer. But with crude oil, it was not scarcity but...

I dunno but this sounds too phony. Only a rookie would fall for these pranks. Sorry, just my 2-cents.

Whoa, hold on to your pants for a moment. It wasn't like you woke up to find that CL gapped down into the negative territory in the AH. No, CL actually dropped below zero during the RTH session. It occurred exactly at 14:05 EST. Hence, IB should have been able to auto-liquidate accounts that...

Dude, you have that backward. When you have a SHORTAGE, price usually RISE. :rolleyes: Only reason the oil is trading below zero is because of excess, not shortage.

Currently, CME is allowing negative prices for the NYMEX energy products only. These are CL (crude oil future), RBOB (gasoline) and HO (heating oil). That list could possibly extend into other markets in the future. Who knows? However, keep in mind that there are commodity ETFs like USO that...

Considering how much CL plunged yesterday, I'm surprised the equity held up pretty well today.

USO is pegged to the crude oil futures and it trades only the front month. So, as long as the June contract trades above 0, it should be fine. However, should CL go negative like yesterday, hmmmmmmm???? It's hard to say. But I do know if stocks or mutual funds, including ETFs, when they hit...

True (according to my limited comprehension based on what's written). I already smell a scent of lawsuit brewing in the background.

Not to worry, we'll be traveling down to 2640 soon. :finger:

Cushing and other hubs around the world are full. All the tankers are full. So the question is DO YOU HAVE ACCESS TO STORAGE??????????

Sorry, ain't gonna happen :D

AMP and Gains

Easy for you to say. :fistbump: