Premarket Note:
Morning traders,
Lots of caution today after yesterday’s massive sell off in energy.
June contract then overnight sold off heavy and recovered some.
Equities are in a foul mood. Stay safe and $STUDY for when opportunities present.
We’re pushing out reporting again today in preparation of theme time cycle plays.
If active trade starts I will broadcast live in room.
Let me know if you need anything, email [email protected]
Curt
New articles released to website last night:
I am beginning the process of documenting my own personal swing trading system, likely take a few months to complete, the first articles are below.
Other interesting articles and social media shares:
USO ETF Risk:
I think the CME might have no other choice but to close out the ETFs positions. It cannot take the risk to have negative prices before the roll and be on the hook. This shock is real. Be very careful out there. We are going to hear about crazy losses in the days and weeks to come
— Pierre Andurand 🇺🇦🇫🇷🇪🇺🇮🇱🕊️ (@AndurandPierre) April 21, 2020
20M barrels of crude headed to the US in 10 days …
20M barrels of crude headed to the US in 10 days … https://t.co/18Y3NYrJqI
— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) April 21, 2020
USO ETF inflows:
https://twitter.com/JavierBlas/status/1252495617638707200
Good thread on oil contracts negative:
https://twitter.com/RogerDiwan/status/1252324705291374592
Good post on perspective:
https://twitter.com/sentimentrader/status/1252549349743173632
Oil Meltdown Spreads Beyond Expiring Contracts as WTI Slumps 42%