OIL - The next big thing. Again.

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.

코멘트:

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

코멘트:

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

코멘트:

CLK is expiring today.

코멘트:

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

코멘트:

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$. The rest who is rolling over will have 40% less money to invest as the price between CLK and CLM is 9$.

코멘트:

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...

코멘트:

코멘트:

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

코멘트:

Say hi to 0.

There are no buyers.

코멘트:

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.

코멘트:

Wow. CLK went to negative.

코멘트:

June contract is selling off too.

코멘트:

14$

코멘트:

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

코멘트:

Or the tag of the 10 MA:

코멘트:

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