ES Journal - 2019/2020

[Spooz Top 2]

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

Fine by me... This PA is a License to print... Literally!

 

[Noone123]

Closed out long trade on CL. Darn, hard earned money today for sure.

 

[Buy1Sell2]

Have to be careful with CL----you can't really trade the front months unless you want delivery.-----that being said , this is an ES thread.

 

[schizo]

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

 

[Buy1Sell2]

Oil has value.

 

[syswizard]

Oil has value.

Of course, but what is the fair market value ?
https://www.wsj.com/articles/texas-...-but-companies-are-cutting-anyway-11587486457
Decision date moved to May 5th.
We've got to ask ourselves what is the price of WTI crude going to be on June 19th ?
What can Trump and the White House do to support the price of crude in the next 45 days ?

 

[NQurious]

Oil has value.

Still long? Is this still the consolidation before the return to peak oil? Staying long oil here?

 

[themickey]

The markets were getting knocked about a tad for Tuesday, gold not bearish, base metals hammered and feeling sore, oil still not bearish, a few traders probably a bit bruised but I think this pullback may last another day, then recover. Wild times atm.

 

[syswizard]

oil still not bearish,

When will it become bearish in your opinion ?

 

[themickey]

When will it become bearish in your opinion ?

Well I'm reading sentiment and it's not in any panic atm.