/biz/ - Business & Finance

Will we retest the bottom again? Be honest.

Oil is just the best.

>>18593925
Which should I buy as a eurocuck? I'm a noob at this stuff.

OIL

what oil stock should I long bros? Besides XOM of course. Literally every penny I have is going into oil until prices go up.

what oil are you guys buying? im holding 100 shares of USO and its not doing jack shit

Where do I buy oil as a eurofag?

>>18593977
russia

>>18593940
MRO

>>18593977
Actually if you are Yuropean and want to do small capital trading to the USA, you can go through Revolut. Its a phone app, they send you a plastic card too, started as a way to share the bill with friends and its kind of a big deal now.

>>18593950
MPC

>buying any sort of oil right now
just because it's cheap doesn't mean it's a good idea

>>18594003
Putin and Saud were fighting over prices, Saud flooded the market to bully Russia into submitting. The virus and reduced consumption further lowered prices. Putin recently folded. Russia will cut production in half. They will agree to Saudi Arabia's prices and be a good cuck. This means when we recover, the prices will shoot up, as there will be no Saudi flooding of the market.

>>18594003
The world runs on oil in everything. When lockdown is over and everyone’s back on the road the demand is gonna be retarded high.

>>18594030
you forgot the part where demand for oil is dead in the water and that there will be a lot more suffering before it gets better. i'm not sure you understand that oil companies having to pay other parties to take their crude in future contracts, a first in the entire recorded history of the damn thing, is somehow a buy-in opportunity

>>18594003
What's the disadvantage of buying 2029 oil future now

>>18594063
You forget the part where oil production is of strategic importance for national security. They won't let the big ones fail. Worst case scenario they are nationalized, but I doubt it, for ideological reasons. Most likely on welfare until things get better, then explosive growth to recover.

>>18594063

>You forgot the part where I am a retarded 19 year old doomer with clinical depression and there's no way things can get better because things are so so bad you don't even understand they're just bad ok

>>18594054
The reason it got negative is because everybody has bought so much of it now that the US must dig out another mountain to store it. Demand won't change soon, everyone must go through the stockpile first and that can take years.

Is it time for spy puts yet

>>18594030
>the prices will shoot up, as there will be no Saudi flooding of the market.
They're already doing funny business. Sending a bunch of tankers to the US. Giving cheaper prices to China. Saudis apparently have no intention of trying to stabilize the price.

So oil has gone up again, but still low, markets looks shit. It's this a bear market again? What's going on.

>>18594118
Are they sending empty tankers, for storage purposes, perhaps?

>>18594114
>The reason it got negative is because everybody has bought so much of it now that the US must dig out another mountain to store it.
Why not just put them somewhere in the wild or simply burn them away

>>18594122
>It's this a bear market again?
Dunno. Reversal trend still intact for now.

>>18594130
hahahahahahahahahaha no. Full to the brim.

>>18594118
I heard that Russia will exercise a contract and send oil to China at a price of something like 99USD per barrel

>>18594148
>hahahahahahahahahaha no. Full to the brim.
dick move by bin salman

>could have had $300k today if i hadn't pulled out oil short a week ago
how do i go on life like this? i can't stop thinking about it. just.... wtf

>>18594122
>So oil has gone up again,
What? May contracy have just drop back to negative again and June contract have also dropped another 5% just minutes ago

>>18594160
You still made money though right?

I made 8k yesterday shorting oil, if I'd have been more confident yesterday morning I'd be about 60k up

I'm not beating myself up because I made 8k for practically nothing

>>18593933
Yeah no, Jerome has his printer ready to rape your ass. Just ask the rest of the bears.

>>18594152
he's speeding up the process Vlad started. Our good ally MBS wants to put his boot to all the US oil producers fracking the hell out of the permian basin and cutting into his profit margins.

The dude basubaru is right about the tankers, he's been following it closely I believe. MBS sent those tankers over the night BEFORE that recent Opec+ meeting. Trump got to prance around over his "art of the oil deal" but the crisis hasn't been averted.

They don't like the US being the marginal oil producer. It means that whenever prices are rising, US producers crank up the pumping so Saud can't charge surge-pricing.

>>18594160
>how do i go on life like this? i can't stop thinking about it. just.... wtf
Shorting oil under $20 is crazy no matter what the circumstances. There are so many things can happen to cause an instant pump that squeezes you in to poorfag pancake shape.

>>18594212
barely. just fucking pennies compared to what it could have been now
i'm looking at what it would be worth now if i kept and it's $310k and rising
srsly want to fucking end it, missed market crashing opportunity and now missed oil crashing opportunity

>>18594118
Souce on this faggot? Otherwise you are full of gay shit like AIDS.

>>18594233
I missed a call on ivr that went up 1200% in one day, don't worry about it. Shit happens

you guys think PLUG is a good long term investment? seems like alternative energy sources are going to be the next big thing and it's a local company that i'd like to support. cheap shares too.

>>18594238
Both of these things were reported by the MSM. China discount, EU same price, US higher price. And the tankers. Tankers story:
https://oilprice.com/Energy/Crude-Oil/Flood-Of-Saudi-Oil-To-Hit-US-Shores-As-Prices-Hit-10.html

>>18594267
Wow zero about China. Thanks for nothing gaywad. Enjoy your tiny no good for nothing chink dick.

>>18594230
USA producers need like $50 a barrel prices to make good money, KSA can make double their investment at $20. They can suffocate any competition, their combination of highly developed industry, relatively low wages, huge volume and easy to work with sands means that they can just drop oil to clown world prices and STILL make their money back, while the rest of the oil producers fall heavily into the red and die off.

>>18594297
SPOON FEED ME FOR I CANNOT SEARCH FOR ANYTHING MYSELF
https://www.reuters.com/article/us-saudi-aramco-prices-oil/saudi-arabia-cuts-may-oil-prices-to-asia-raises-us-after-opec-deal-idUSKCN21V0PF

>I kept all this money I made by mowing the lawn in cash instead of investing in the s&p 500
>lost 10% due inflation\
>never used or needed "rainy day funds" in the first place
Kill me Pete

>>18594249
>>18594232
i bought back in on the short with the previous amount and the little i won on it.. now to hope oil crashes even harder and in the further futures contracts

>>18594347
Nigger i love i got you to post that shit because that is a no duh. Do you really think Asia has oil when prices are so low they are literally giving it away? Hey you dumb gay small dicked retard, in case you haven't noticed oil around the world is at full capacity storage so if the only people still getting it are the cunts who couldn't afford in the first place. Go kill yourself.

>>18594347
Eat shit you dumb gaywad

who do you short first,north korea or the USA?

>>18594383
Both, anything otherwise is for people with AIDS.

>>18594383
I want North Korea's new dictator to short my dick.

>>18593933
Yeah, just not until some time in June. No more circuit breakers, just a slow churn to the bottom.

Everything was so overvalued before the virus, I pray we dump so we can return to more reasonable levels.

For me, it’s still TMDX.

>>18594099
Oil at 45 usd requires cartel to be around and strong. With free markets that is not a thing.

WHAT HAPPENED TO UCO
My fucking calls are donezo

>>18594250
No. Alternative energy will not take off meaningfully in our lifetimes. Do you really think anywhere but the first world could afford it? Big oil will rule the day.

Sick of this retard tax, how do I trade after hours and pre market? Are there limitations to what I can trade, or is it just big boy hours?

>>18594148
we were never in a reversal you dumb fucking tranny

>>18594106
You sound more immature than the other anon desu.

>>18594030
> Storage literally full
> Demand is essentially 0
> Will be for weeks still if not months
Oh yeah anon, the situation really took care of itself, oil will probably be north of $60/bl by next month, totally.

>>18594444
Interactive Brokers can trade premarket and after hours

>>18594444
Checked, go back to r*ddit you dumb faggot

>>18594460
>weeks if not months
Nooo, that long? Its almost as if investing takes time to pay off.

>>18594444
Even if you can, it's for heathens and degenerates. Cash is the real market and will give you almost any price you could have gotten in futures.

June oil is now 19

>>18594500
USO to 0.

Any fellow britbongs here? I'm looking into opening a Stocks and Shares ISA soon to put in about £5-10k of current savings but there don't seem to be many platforms you can buy US stocks through, most are aimed at funds and/or UK stocks. Wondering if anyone has had experience with burger stocks or can recommend platforms to look at.

>>18594500
Shit's going to smash down like May when May expires tomorrow

Lads, will the markets simply dip or collapse

lads, just got an email saying i have to pick up 10k bbl from some place called cushing, oklahoma? wtf is this shit?

>>18594122
Sp would need a very rapid confidence boost in order to stay in the bullish trend

>>18594541
Big booty latinas

>>18594537
>lads
dip, then rise again as states reopen, then become extremely volatile for months, then crash as corona returns

>>18594544
>muh tea leaves
Stay poor, smoothbrain

>>18593925
Why shouldn’t i go all in HLX? 7x gains guaranteed? Already got 700 shares on this bih nigga

>>18594508
ig.com works for me lad

>>18594541
Seriously now, what happens if you had 1000 dollars in oil cfds and you cant take on delivery?

DOW below 20k again today?

>>18594560
It’s unironically going to 0. Small cap energy will not survive.

>>18594560
>offshore
Because they're going bankrupt.

>>18594566
i will reply out of respect to your dubs

google cfd

>>18594444
Numbers! If your borkage doesn't have premarket and AH accessible for you by default you can ask them to unlock it. There shouldn't be any fee or anything.

>>18594566
Better rent a truck and buy some barrels dummy.

.. You DID remember to short Brent Oil this morning.. Didn't you anon?

>>18594541
Better rent a van. Probably have to do it in two trips.

>>18594560
Buy bigger capitalization, not small players. The small ones can be let to die, the big ones will be saved by the government.

June oil 16

Just checked my portfolio for the first time in 3 months. (I'm a buy and hold kind of person, don't even know how the market works.)

Right now the value of all my stocks is still higher than what I've invested.

>Lump sum in (total): £35,410.00
>Total returns: £2,432.09

According to this I'm not even in the negative. Is this normal?

oil continues to dump even harder but us futures barely react
fucking clown market.

AHHHH 17.93
WHY DON'T YOU HAVE A SEAT OVER THER MR. BARRELHOLDER

>>18594637
Youve made about 6 percent breddy good

It's not abnormal but not bad either

>>18594566
You're fucked is what.

>>18594637
Liquidate now, hold your cash wait 2-3 months
do not get greedy and FOMO this shit

Is the fat chink dead now or what?

>>18594637
>According to this I'm not even in the negative. Is this normal?
You are fortunate that the central banks are on your side. Well played and keep hodling.

>>18594637
Well done lad - walk us through your stocks

>>18594656
Why would I do that in the middle of a crash?

>>18594683
>he thinks the market has already crashed

We are on the precipice.

>>18593925
Reminder to put holders, sell by early afternoon before stimulus bill is passed.

RIP June crude contracts

>>18594701
>sell the rumor, buy the news!

>>18594701
How desperate must boomers be to destroy the life of the next upcoming gens.

>>18594675
Amazon, Coca Cola, Apple... nothing strange. I read the intelligent investor like 15 years ago and just buy from big resilient companies.

>>18594695
On a fundamental level I think that stocks in the long term are better than currency.

>>18594701
but it's already been passed 7 times.. another one? 8 bills and all it does is send $1200 once to all americans? barely even helping struggling businesses?
fucking l m a o

>>18593963
>USO not doing jackshit
it's already down to 2.9, wish I didn't pussy out yesterday with puts on this garbage.

Futures are diving.

>>18594752
fucking finally. All it took was a commodities crash for the ES to drop 1%.

>>18594752
I don't get why people watch futures at this time, premarket is open which is what's diving.

There is a new happening almost every day.
Bullish as fuck.

fucking fuck i literally bought the top yesterday

>>18594751
>2.8
>2.7
>2.5
USO is literally going to 0

Oil markets are closed on my broker. Price has fallen off a cliff.

Yo what the fuck uco isnt supported on robinhood

>>18594752
Holy fuck I'm gonna doomp

What pattern is this?

where the fuck do I buy shit i'm a retarded burger and the numbers are everywhere

>>18594345
>they can just drop oil to clown world prices
only half way true, they also have a country to run and if I'm not mistaken, their budget is balanced around 70/barrel

>>18594826
Waterfall

>>18594826
the flaccid oil prince pattern

>>18594683
lol

>>18594826
its the coveted "energy is ded" pattern

>>18594826
It's the same trend. You're just seeing the monthly rollover there.

>>18594508
dont be a noob, choose ibkr

I can't even buy SCO in the pre-market it's moving so fast kek.

FREEEFALLLLLINNNNNN

>>18594826
Use CL1! or CLM2020 for June

>>18594859
How high do you expect it

QUICK I NEED TO SET UP AN AUTOMATIC BUY AT MARKET OPEN BECAUSE ILL BE WAGING AT WORK. BESIDES MEME OIL WHAT SHOULD I BUY FOR SHORT TERM GAINS

tankers about to pull multiyear breakouts, dht, tnk, stng

>>18594826
'e bought?

>muh june contracts will save oil

NANI

MY PREVIOUS OIL SHORT POSITION IS $450K NOW
I SOLD AT $10K GAINED LAST WEEK
AAAAAAAAAAAAA I WANT TO FUCKING END IT ALL

>>18594874
Get in these now?

>>18594833
What are you trying to buy

>>18594914
crude train before it goes back to 20 or someshit

>>18594905
I closed my USO 5 puts on Monday because I thought oil would take a while and didn't want to miss the big down move in the indices.

>>18594826
Its the "dont worry it happens to all men sometimes" pattern.

Yeah, this looks healthy.

>>18594911
at your own risk, they are quite volatile, but if oil continues to go down they should keep on the bullish side

>>18594919
Install RH and buy USO

>>18594936
no better way to trade in commodities directly?

>>18594919
Can you explain why it would go back to 20 before June expiration?

>>18594936
But the real question is when do i sell?

>>18594945
futures, but requires in margin, my broker asks for 8k

I think Im going to lose possibly 2 percent of my networth tomorrow bros

>>18594946
because even if every national oil producer in the states fucks off and dies, the saudis are sitting on an ocean of dead shit and could just float the prices back up to the sky as soon as the corona demand cliff recovers

>>18594945
there is but it's not for retards. At least this way you will only lose what you put in.

>>18594930
Thanks I’ll keep an eye out, I almost went all in on sco at 47 when I woke up and now I feel sick I didn’t

>>18594961
I generally have a big brain for markets but am nowhere near ballsy enough to go hard on anything, not to mention all my savings are liquid right now anyway

>>18594955
on calls?

Gold is dumping too. If equities and oil continue their dump Gold will continue dumping hard too but will quickly rebound afterwards so keep an eye on it.

>>18594945
Futures
Make sure you know what you understand them
>>18594954
I don't have oil exposure
I might open some deep otm calls in case it rebounds in a few months though

>>18594997
Whats a good spot for gold brother?

>>18594965
>take out loans
>buy high
>sit there with worthless oil
imagine being any airline right now

>>18593977
I'm buying Total. Efficient company, good management, good divies.

>>18594956
You do understand storage capacity will max out with May settlement and June already issued contracts for five times the amount of barrels in May right?
These are physical commodities that have contractual obligations for the contract holder and the producer. There's no way crude contracts are recovering back to 20 in one month.

>>18594997
gold is just returning to its trendline, so many things right now indicate that gold is going to the moon soon

>>18595029
I'm not day trading, I was planning on sitting on em

>>18593925
>5/1 USO P Strike of 3
Did not expect to be in the money. Feeling pleasantly surprised by that.

>>18595013
Are boeing /ourguys/

>>18595039
Do you even know how commodity futures contracts work? They're not like stocks for long term holds.

>people buying it back from 11 up to 15
brave boys expecting it to rebound in a month

>>18594599
Nice 300% gains on brent short overnight. Im wondering how low it can go? Its not land locked

>>18594701

Is GameStop about to pump or what

>>18594701
What stimulus bill? Again?

>>18595039
Can't tell if you are a retard or a troll. These are CONTRACTS (like a lawyer writes and legally enforceable) with DELIVERY DATES and LOCATIONS that you are trading. You don't get to "sit" on them. If you don't have a place to store it, you have to sell the contract. The price can go NEGATIVE. People who had may contracts had to PAY to sell them after.

>>18595089
yes i'm a retard, I was asking how I could buy barrels of crude and store them in my basement

>>18595012
Probably 1600 and set a stop loss at 1400. Hold until 1800 or further if you want to.
>>18595033
I think it's got further to go before it starts pumping. During times of crisis it always dumps early.

>>18595097
literally no one will deliver it to you, forget it

>>18595097
>how I could buy barrels of crude
did you really think you could go on the market and buy literal barrels filled with oil lmao
you have to have your own, APPROVED, professional storage for oil. WHICH THERE IS A SHORTAGE OF
god damn

>>18595097
I know you're being sarcastic to cope with your retardation but if you're still holding a contract on expiration you literally have the obligation to pay and receive 1000 barrels per contract unless you want to get fucked over hard by a premium to roll over your contracts to next month.

>>18595097
If you think it's that easy to buy oil barrels, people haven't done it already?

>>18595123
no you don't this is a dumb meme
this only works if you specifically ask for it which you can't do as a retail investor
you just get owned by your bank/broker if it's cfds or minis you bought

>>18595146
That's why I said you have to pay a premium that will fuck you over if you don't want physical delivery. You get broker/bank to roll over or settle your contract for you.

>>18594997
How is Gold dumping? It barely is, it has gone up for a while now. Unless you're expecting an unstoppable rally you can say it is dumping.

>>18594965
doesn't matter, the environmental regulations are still in place
>>18595049
just let him be, more money in the casino is good for everybody

>>18595146
this. retail brokers are literally not allowed to let you execute those contracts.

>>18593925
So if the May oil contracts are negative and the June contracts are $20, does that mean the difference (some 20 bucks) is the price of storing a barrel of oil for a month? Seems expensive.

Alright which one of you fuckers did this?

So what's the price of oil doing now?

Longing:

MRO
XOM
RTX

Not trying to time the market. I’m just going to consistently buy until I teach x profit. From my research all these guys will be fine and inevitably recover over the next few years. Aiming for around 20-40k profit

>>18595208
Erectile dysfunction, waiting for POTUS to give it the blue pill.

>VIX increases
>shitposting and dumb questions increase in this general
like clockwork lmao

>>18594030
>when we recover
found the flaw in your plan there cap'n

>>18594701
Stimulus has already been priced in

>>18595227
Bears pls go, this is a bull thread.

>2 weeks of bullrun into months of slow burn downwards
This is how most people will go bankrupt.

it's over, boys. the virus is finished. only upside from here.

>>18595168
It's retracted down from a 7 year high over the past week. I think it has further to go before climbing again.

>>18595237
>Implying i am not bankrupt already and gambling away my 1.2k neetbucks now

>>18595220
VIX is really the basedness index

>>18594928
DEAD CAT
E
A
D

C
A
T

Who are the absolute madlads buying oil right now?
The tanks are full. Either you bring a tanker or you can fuck off right now, and I doubt these hedge fonds have a few thousand barrel drums ready.

>>18595234
Who are these retards anyways? Its three weeks without going to the mall, not "shoot on sight"-curfews.

>>18595265
it's genius

>>18595189
There are also expectations about higher demand, more cuts ect involved.

>>18595234
>im fully capable of surviving a disaster.
>i am protesting an overstep of my government suspension of my rights in time of panic and emergency.
If you cant see the difference between those two positions you are an idiot. I think you arent a bull but a bear pretending to be a bull as bulls arent that stupid.

Why do I have to use a meme bank, I gotta wait til as late as Friday for RH to verify so I can give all my money to a Jewish computer

>>18595270
>Who are these retards anyways?
mostly the right-wing conspiracy and militia crowds.

there's probably a bit of astroturfing going on, but the american right has a legit radicalisation problem.

>>18595270
>Who are these retards anyways
literal manchildren who never grew out from the rebel against parents phase

>>18595270
Unironically some general mouthbreathing retards and magatards getting baited by a social media astroturfing operation. Seriously there was one dumbass complaining that massages are essential

>>18595322
I think we all know what "massages" mean and they certainly are essential

Anyone not buying this dip is a dumbass. Literally free money.

>>18595348
:*

>>18595348
what dip? where the fuck are you looking? you missed the dip about three weeks ago.

>>18595348
Having fun stuck at that long leverage position?

>>18595337
I need to get jerked off by a mature Asian lady daily because of my fibromyalgia.

>>18595348
I hope you're only talking about the gold dip.

>>18595348
decent b8 btw

WTF UCO SPLIT MY CALLS ARE FUCKED

>>18595348
>it con't possibly go lower

>>18595322
>>18595313
>>18595306
Sad.
I can understand some business owners and families going on the street because their life and money depends on it. Stupid as fuck yet understandable.
But if youre just being some edgy fuck then its pretty embarassing.

In Europe pretty much all meetings are banned and OH SHIT I FORGOT.
There will soon be the 1st of May riots. Leftists smashing windows and cars and burning down their own districts.
This year the police can just arrest anyone who leaves the house. Will be very fun to watch.

>>18595337
It was a woman holding up the sign though.

I remember when this oil shock first happened oil went down to $20 a barrel and everyone freaked out, now it's $15. Crazy.

Dip down to 2650 if this low trend gets broken

>>18595383
all these fine people own massage parlours.

60k invested
15% Tvix
35% dwsh
50% usd
Am I gonna make it?

>>18595379
No. The calls you sold will get adjusted.
Unless you mean you held calls, but nobody would do that... right?

>>18595379
Aren't options adjusted during splits and reverse splits

>And so it was once again the mom and pop daytraders and r/wallstreebets amateurs, who however have felt quite professional if not invincible, thanks to the Fed's constant market manipulation and bailout out of every crash... but not in the commodity sector. It was they that suffered unprecedented losses having held on to a contract they did not understand, and without realizing that they faced not only a total wipe out, but a wipe out more than 100% of their invested capital, a privilege traditionally only reserves for short sellers.

>>18595400
>tfw no chubby /k/ larp gf
why even live

>>18595383
Love watching commie larpers in European cities getting water cannoned. Get the popcorn ready.

we have to start dumping oil into the sea

>VIX 47 already
oh holy fuck

Hey the 10yr yield is down. Sell this dip

>>18593925
what are the odds that the fed let this happen ?

>>18595413
> a privilege traditionally only reserves for short sellers.
kek

>>18595416
>photoshopping his real reaction
someone post the original

Nice knowing you bros

>>18595399
>Random lines, drawn afterwards
Oil chads must be proud of their lines too.

> Holocaust Remembrance Day

Remember that time we came so close..?

>June contracts perfectly mirroring May's crash at 21:00 last night
Like pottery

OH NO NO NO NO
BULLBROS
WHAT HAPPENED

>SPXS at 11.90
what are we opening at

To whatever faggot is trying so hard to meme “bvll” I hate you and hope you get rekt today.

Sell disney and xom for a loss or hold? Theyll both eventually be back but im too fuckin inpatient

>>18595464
> VIX at 40
> No limit downs
> Sliding a percent here or there
Are you retarded, this is nothing like the last time.

>Oil and Immigration Ban during earnings week
Yikes. Thursday because of stimulus rumors and Friday might be the only green days

>>18595441
Fed was printing money to buy shorts while memeing brrrr in 4chan.

>>18595487
I'm talking about crude

>>18595473
that and the fucking idiots that went 50% oil in their memefolios and spammed about it
imagine buying and holding at all right now jesus christ

Ok oilchads. Ive been doing USO Puts but is that the best way to take advantage of this? Will USO eventually do a reverse split?

Will this oil nonsense be sorted by May? Price must go up by then. Is $25 too much to hope for?

>>18594725
It's their nature to destroy.

death by ten thousand paper cuts

>>18595473
BVLL BVLL BVLL
That faggot has been doing it since last year
I don’t like wishing malice on others but I hope his portfolio gets wiped out and he gets margined called, if he even has enough money to be put in that position.

>>18595545
Why must it go up?

>>18595520
Options are adjusted with a RS. You don't have to factor it in.

>>18595545
Anon, the May contracts are the ones that went negative yesterday. June is crashing as we speak.

https://www.six-structured-products.com/en/underlying/brent-crude-rohoel-ice-rolling-XC0009677409
>Brent Crude Rohöl ICE Rolling


Im having trouble interpreting this product. What does "rolling" mean?

>>18595545
>Will this oil nonsense be sorted by May?
No, that was the dump yesterday. May contracts going to negative. Hence markets see it as negative for May, or near zero at least.

>>18595563
>>18595473
You can just filter that retard. Everyone else ignores him.

>>18595473
>>18595563
based

>>18595575
Looks like a continuous contract

anyone else holding cash? having FOMO but damn this market is so tempting

>>18595577
>>18595573
>>18595567
Sorry guys, I should have said June.
People going back to work, lockdown being lifted would lead to greater demand for oil, so I anticipate a rise in price.

>>18595641
>this market is so tempting
extremely low volumes and two red days is tempting?

>>18595643
AHAHAHAHHAHAHA

Why did oil rebound that much? Who in their right mind would buy June contracts right now, when the storage problems will be exactly the same

>>18595680
It's pre market. When the robots joust it will go negative.

>>18595643
No fucking chance by June. There'd need to be an enormous industrial demand to ramp up in less than a month. It'd be outlandish to even consider that.
>>18595680
Just read these threads to find out. Any time this shit pumps even a little you should short it.

>>18595643
June price is already crashing anon, google CLM20.NYM, it's down 30% and this is being traded by people with a lot more knowledge and skin in the game than you. Even AUGUST futures (CLQ20.NYM) are down 21%. Insiders and experts all seem to anticipate that demand will crater, either because of knock on effects or because the lockdowns will continue longer than officials are claiming. Furthermore China has been surreptitiously buying this super cheap oil (unconfirmed but these are the rumours) so even when production starts up they can use the oil they bought in April for production in July, this can cause the July price to crash which China will then buy the July oil to use in September. What you're witnessing is a traffic jam in demand, it only takes a 1 hour car crash to cause 10 hours of traffic congestion. Similarly the crash in demand NOW is going to slow down the entire supply chain for a year+.

Easiest investment in my life. To the moon

>>18595680
It didnt "rebound". It rolled over from May contracts to June contracts. June will likely go down as much eventually by May 21st futures expiration.

>>18595643
There is no "lockdown". There are different level lockdowns (none proper ones as inter-state travel has been open) imposed in different states as orders by the local governors. There will be no grand opening.

Cut my loses on XOM then fuck

NOOOOO YOU CAN'T EXERCISE YOUR RIGHTS IN PUBLIC!!! NOT THE HECKIN GOOD QUARANTINO. WHAT ABOUT SAFER AT HOME??? YOUR RIGHTS ARE SUSPENDED CAUSE I SAY SO! SO WHAT IF THE COURTS ARE CLOSED??

Is it going to go negative again today?

>>18595747
Spotted the low iq bagholder

Were entering despair

Im gonna eat mcdonalds for breakfast and then the plan is to go again for lunch

Good luck today bros... This might be the big one

>>18595752
it dipped to $11... then some mysterious force started to buy massive amounts all across

>>18595747
Its literally only rich people who can say just stay at home. They dont need to pay bills with no income.

>>18595752
No. The next possibility of it going to negative is the day before June contracts expire

>>18595643
Nah nigga, will take a lot longer than that. I think we might even hit new lows. Strap in friends, we are in for a wild ride! Buy the dip and hodl!

Thoughts about todays earnings?
Esp. interested in PMI... heated tobacco and vaping should prove lucratively and even if its still trading at a premium (muh covid decreases smoking) I somehow cant buy that a lot of people will quit due to this crisis...

Check out this oil chart. Notice anything?

-800 on my futures position, feeling comfy

I just sold so it's probably on the way up now.

>>18595802
is your futures position doggy?

my bags are looking heavy. i don't like it but i might unload my stocks, this market is just to crazy for me atm. i don't see anything positive coming this economy shit will take years to recover and so will stocks, it will go lower at a very slow rate.

but hey i might be wrong though.

>>18594030
smoothest of brain analysis here.
Where the fuck is the consumption going to come from?
While the Sauds flood the market they essentially hold all the pieces to the world economy - they control markets via the US Petro Dollar. The US is also desperately reliant and Saudi money buying their guns, should they turn that tap off the US is even more fucked.

Playing into what another anon said, they may be shifting some weight over China's way by selling them cheaper oil.

Any TSX stock ideas today?
Been thinking about ADW.A

>>18595797
oil shorters are the winners

>>18595831
Maybe GFL?

Spooz bleeding more
Will panic kick in at some point or will it just be a slow burn for months

Bobos will be happy soon I guess

>>18595797
Looks like it traced the oil boom of fracking and then crabbed and dropped since. The point of oil investments is to secure the cash flow of divys from XOM and CVX and such. Thats why so many of them crab in stock price often.

>>18595404
>>18595408
I DONT KNOW THIS HAS NEVER HAPPENED TO ME BEFORE. IM HOLDING UCO CALLS FOR 1/22/2022

>>18595868
How so my dude?
Isn't that demonstrating and increasing resistance for SPX?

>>18594843
This is correct. They're not in the best of shape economically, either.

>>18595892
sounds like you bought when IV was at 200, better sell now anon or you'll baghold useless contracts until expiration

Why do Americans have no discipline?

XOM, under 40 a share premarket. 5600/40, I'd get 140 shares. At just 46 a share I'd clear 840 profit (minus the 5600 investment), so I'd make up my 800 loss with ease. The 52 w high of xom is 83 so it rising to 46 should not take long to do.

GOLD

>>18595922
>implying German government isn't lying through their teeth and marking none of the deaths and cases

t. Not american

risky to go all in?

why are slv and gld falling tho

>>18595902
Not if this shit breaks it.

>>18595937
Time for the FAAAM to go down again. Retarded and overvalued right now.

>>18595937
it's risky to buy and hold anything at all right now

>>18595922
Its a hoax to take away our freedoms

>>18595922
idiots still think this is a hoax, america somehow has a lot of those

>>18595902
Well if it turns out to be a resistance again. I don't see the market to be positive enough. Rebound has stagnated, bad news coming in, oil in turmoil. There must be a sustainable pump in opening to maintain the resistance level. Crab market makes us break the resistance. There is very little growth room above us, yet a lot of air beneath. While there might be a Pre-market and market open pump (as always for the past weeks) I doubt it holds for long.

>>18595902
The tea leaves say there will be a bloodbath if we go below that line anon

>>18595902
Literally my thoughts when i saw it. Keep bouncing off it and moving upwards.

https://www.bloomberg.com/news/articles/2015-11-03/that-time-i-tried-to-buy-some-crude-oil

>>18595961
>>18595962
3 seconds apart

>>18595922
We have a lot more nonwhites than you do Hans.

so answer me anons, so if i got 1k stock on CRC
should i hold them or sell them today?
im woried what about to be happened in this week

NEWD!

>>18595995

>>18595995

>>18595995

>>18595995

>>18595961
Nope. That's secondary. (((They))) need a reason for the financial crash. Approval rates of parties who lost it all in the last months are gaining now, because MUH WE WANT STABILITY.
And sure, furthermore empower retarded agendas and laws

>>18595992
Dog bless ameriga :DDDD

also SHOP is running like a juggernaut, thinking about a short

>>18596001
Preach PATRIOT
These LIBTARDS will just have to deal with five more years of PRESIDENT Trump

>>18595213
think it would be better to wait for the price to drop or buy now? I want to buy them to hold too.