Oil Price Spike?!?

kmiklas · Apr 2, 2020

I'm seeing a big spike in USO, both in price and volume.

Volatility halt!!!

...some news come out?

Cuddles · Apr 2, 2020

trump tweet....likely to come crashing down if just another lie

kmiklas · Apr 2, 2020

Here4money said:
trump tweet....likely to come crashing down if just another lie

Thx, got it.

KCalhoun · Apr 2, 2020

We were following GUSH USO HAL OXY in my chatroom today. It'll be interesting to see if pop n drop or closes at highs.

I got stopped out last couple weeks trying to bottomfish oil so I'm cautious now

kmiklas · Apr 2, 2020

KCalhoun said:
We were following GUSH USO HAL OXY in my chatroom today. It'll be interesting to see if pop n drop or closes at highs.

I got stopped out last couple weeks trying to bottomfish oil so I'm cautious now

I just cost-averaged.

StatGuy · Apr 2, 2020

I dumped it at around 22.20 or so as I had a feeling it was going to drop. God do I regret that now.

Atikon · Apr 2, 2020

Bloomberg said this morning that china is buying when it was 10% up . Wsj is writing about US Intervention when it was 10%up. Now trump tweet. Mix of things but that last 15% came from trump

kmiklas · Apr 2, 2020

StatGuy said:
I dumped it at around 22.20 or so as I had a feeling it was going to drop. God do I regret that now.

Don't regret anything... this market is whipsawing around like a wild snake. There's plenty more opportunity.

StatGuy · Apr 2, 2020

I think you are correct. The volatility is fraying my nerves. Hopefully it pulls back a bit again.

Atikon · Apr 2, 2020

I' have 2 long positions I opened up around 20 and 21,50. Waiting for a 30ish lvl. This lvl right now is unsustainable