OIL - The next big thing. Again.

17 Apr 2020

Prepare your dry powder because we will be buying oil soon.
Just like in 2016:

These were great times. I think this will be repeated soon.

Stay tuned.

20 Apr 2020

Nota

Tha May contract is dead. It’s below 15$ -20% drop today.

20 Apr 2020

Nota

The spread between CLK and CLM IS 9$. The CLM needs to be discounted before I buy.

20 Apr 2020

Nota

CLK is expiring today.

20 Apr 2020

Nota

Buying CLM today? I think it's too early.
I want to buy between 15 -20 $

20 Apr 2020

Nota

Buying CLM (June contract) is suicide when CLK (May contract) is running out and there is a price difference of 9$.
Price will definetely be some kind of drop in the CLM before it bounces:
1. Smartmoney will not buy the June contract 9$ higher.
2. Hedge funds are playing for the gap close: they are probably shorting the CLM.
3. Retail - most of them is destroyed at 20-25$. The rest who is rolling over will have 40% less money to invest as the price between CLK and CLM is 9$.

20 Apr 2020

Nota

This chart is showing the May contract. Don’t get too excited you can’t buy oil at 8$. Or if you buy it will be closed tommorrow when contract expires. Noone can tell you if price is 4, 6 or 10& at that time...

20 Apr 2020

Nota

20 Apr 2020

Nota

We need to wait while the dust settles down
We want to see what happens to the June contract

20 Apr 2020

Nota

Say hi to 0.

There are no buyers.

20 Apr 2020

Nota

OK. So right now the the CLM ( June contract) is doing what we are waiting for. It broke the previous low.

Retail traders who didn’t sell CLK now went to zero. So they can’t buy the CLM. Hedge funds And smart money are waiting for A lower price.

20 Apr 2020

Nota

Wow. CLK went to negative.

21 Apr 2020

Nota

June contract is selling off too.

21 Apr 2020

Nota

14$

1 Mei 2020

Nota

The trendline is broken I will try to buy the tre trendline backtest...

1 Mei 2020

Nota

Or the tag of the 10 MA:

1 Mei 2020

Nota

Still not decided if the june or july contract...