Crude Oil

maxinger said:
Down it goes to 14.5

is it trying to reach level 10?

demand for oil is so weak.
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LTD for May delivery is Tuesday. It is not that demand for CL is weak, it is that demand for April/May CL delivery is weak. Jun of 2022 is probably a good place to buy, RIGHT NOW.

Crude oil is not going away. It cannot, because we rely on it so much.

Plastics, baby!

 
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How low do you believe JUL20 can go?

I thought that this would be close enough to profit $$$ and far enough to avoid the immediate risk of cushing storage be completely full. Do you think I have still a chance of recovering part of the losses or should I dump it in the next spike? I still have 2 months until the expiry date, but seeing this blood bath made me very, very nervous.
 
bone said:
May '20 CL: -$7.69 last

Sept '20 CL: -$0.96 last
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But truly how involved it is to do the physical trade, take delivery, store it, insure it, deliver it again in a month or so

any 1 have info like actual figures or how to obtain such info or key words to search

i know the empty barrels are not free, lol

any one know if its feasible to do it with less than 10 contracts? As in supposed you found a storage facility that i assume has all the necessities of storing hazard materials. Is there a minimum amount of barrels storage you need to purchase? Same withtransporting them ?
Can someone get started with lets say 250k?Guaranteed profits if insurance, storage, financing iscovered?? Of course assuming contango holds @bone
 
If all it took was $250K I'd be doing it and everyone with a Subway franchise would be doing it. :D

You will have to show considerable bonafides in order to trade bilateral physical. Your counterparties will want to have those on file and those counterparty CFO's will perform a credit check.

I'll phrase it this way: Morgan Stanley used to do it, but it tied up too much capital.

systematictrader said:
But truly how involved it is to do the physical trade, take delivery, store it, insure it, deliver it again in a month or so

any 1 have info like actual figures or how to obtain such info or key words to search

i know the empty barrels are not free, lol

any one know if its feasible to do it with less than 10 contracts? As in supposed you found a storage facility that i assume has all the necessities of storing hazard materials. Is there a minimum amount of barrels storage you need to purchase? Same withtransporting them ?
Can someone get started with lets say 250k?Guaranteed profits if insurance, storage, financing iscovered?? Of course assuming contango holds @bone
More...
 
By now, those who trade with trend can withdraw money from their trading account.


And those who go against river flow has to top up their trading account.


Market is merciless to hopeless investors and traders
 
Overnight said:
My screen shows ~$47.00 Think it broke the CME data feed, lol
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Does any one even know what that means, i got the same on my end, CME said its gonna allow it to go negative,, it makes sense for those doing it physically but wth does it mean for traders?
 
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