If he was buying the june contract. Since he didn't mention it we should assume it was the may contract, so he lost a lot more, no? Or did I miss something (he blocked me, so can't see his posts)
What bottom are you speaking of for B1? B1 was buying the cl 4 weeks ago when the may contract was $22 and the June contract was $33. He lost 60% of his money.
That was a paper trade?I'll let him speak for self, I thought he went out to fall/winter deliveries, maybe not 60%..
Totally agree. The news on USO and their re-balancing efforts is just hype. The basic supply/demand situation hasn't changed at all. Nonetheless the market remains volatile due to potential announcements from Trump and the Texas Railroad commission. Expect June CL to remain a wild ride until settlement date. I am thinking single-digit prices at the contract close.Jokes apart, I don't see how Jun contract evades the same fate as May contract given the same storage issues still persists
Man, what are you talking about? For B1, everyday is an Izzy Bottom. Like the damn Energizer Bunny, he just can't stop!What bottom are you speaking of for B1? B1 was buying the cl 4 weeks ago when the may contract was $22 and the June contract was $33. He lost 60% of his money.

The Izzy Bottom looking real good.
haha - yeah, a little early perhaps..who knows if the last of the longs were flushed yet?
2847 will bring in sellers. Dealers are still net long from that area.
I would not be long near 2847.
You do realize that it dropped $50,000 per contract from his bottom, right? A "little" early, spy?
