Oil sure is cheap, I don't think it can get much lower

[birdman]

UWT - DWT https://www.businesswire.com/news/h.../Citigroup-Announces-Acceleration-Series-ETNs

 

[nillionaire]

Proshares OILU and OILD are also being liquidated.

Only ones left are Direxion's GUSH and DRIP, and they just announced they are converting those from 3X to 2X in May.

 

[.sigma]

It's already there starting with Oct 20. Look at the curve. Sept 21 is trading the $35 handle.

bone, how would one look at the crude curve on #thinkorswim platform?

 

[Sig]

Second, we have a sitting President who isn't afraid to enact tariffs to provide protection for our oil industry.

The U.S. produces pretty much what the U.S. uses when it comes to oil. So tariffs aren't really going to impact anything when there's no net imports to tariff.

 

[maxinger]

99% of newbie investors think this way.

years ago, that was my thinking too.

 

[bone]

bone, how would one look at the crude curve on #thinkorswim platform?

No idea, never used TOS.

 

[bone]

So $5 WTI crude oil prices are a real possibility.

No it’s not.

 

[.sigma]

No idea, never used TOS.

Damn, I've ONLY used TOS, I may be biased but its the cleanest looking platform out there. Not that looks matter..

What are some good sources I can use to watch the curve? Which platforms? websites? I'm assuming CBOE?

 

[birdman]

What are some good sources I can use to watch the curve? Which platforms? websites? I'm assuming CBOE?

You might like https://www.macrotrends.net/2516/wti-crude-oil-prices-10-year-daily-chart
Default is 10 year chart. Try clicking YTD for year to date chart.

Not the forward curve, simply the historical past up to current.

 

[bone]

You might like https://www.macrotrends.net/2516/wti-crude-oil-prices-10-year-daily-chart
Default is 10 year chart. Try clicking YTD for year to date chart.

That’s not the forward curve. For example, at 8:06am May20 is +0.51, Sep20 is +$1.01 and Dec20 is +$1.15

https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html