OIL STAYS UGLY

“He’s trading oil and needs help!”

Right now, oil could use all the help it can find … not sure even missiles into

Saudi Arabia would do the trick … over supply and weak, weaker, weaker-er world

oil demand, and we’re staring at the $54 handle … nothing really new about this,

but the economic numbers from everywhere just keep coming in weak with no

end in sight … if it wasn’t for the world problem with Iran, we’d be in the 40’s for

sure.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

SUNDAY UPDATE: THE FUN NEVER STOPS IN OIL

“Trade oil they said … it’ll be fun they said!”

Directly below, this week’s 20 Day Range MA in WTI Crude Oil.

click on chart to enlarge

Some details on the “Traders Course” [TC] over on the

www.traderzoogold.blogspot.com website … if you don’t want to trade oil futures,

either the regular or the mini contract on the CME, AND you’re a U.S. citizen or

resident, about the only place I know of where most of the time the WTI oil CFD

has a bid/offer spread of 3 cents with no commission is FX Choice … It’s not a

fixed spread, and can change, but most of the time it stays at 3 cents, and they

accept U.S. clients. By the way, the only other 2 CFD’s worth trading there are the

DAX30 and the DOW30 … if interested, check them out at this link:

https://en.myfxchoice.com/

Quite frankly, if I had a 1 cent - 3 cent bid/offer spread in an oil CFD, either fixed

or in a consistently reliable variable format, with no commissions, I’d trade it

exclusively … oil with low “net costs” to trade is the best market going … the

problem for most is that the standardized futures contracts are too big for

smaller traders, and their margin requirements to stiff … and for now, it doesn’t

look like it’s gonna get better anytime soon.

Outside of the oil drone attack 2 weekends ago, nothing has changed in oil

… world demand is weak and supplies are ample … until that dynamic changes,

I’d rather trade oil from the long side, simply cuz of geopolitical concerns that

will support price going forward no matter what … it’s simply a trading market

in the 50’s.

Onto the week … until tomorrow mi amigos … Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas

ENJOY THE ROLLER COASTER

“Welcome to your future life as an oil trader kid!?”

Oil touches the $54 handle today and then rockets … enjoying the roller coaster?

… well, it’s to be expected in tight chart conditions, where neither side right now

has an edge, and everyone is on egg shells over their positions … and every

passing day sees conflicting reports or comments that are at once bullish and then

5 minutes later bearish … until this changes, don’t expect oil to move anywhere

from where it is … this is a trading market based on “MOMO” and nothing more

… it’s a market that subscribes to the “Golden Rule”: “them that has the gold

[money], makes the rules”.

Blog update on Sunday … much more this weekend over on the traderzoogold

website about the algorithms and the trading course, including crude oil … until

then mi amigos … Onward & Upward!!

Have a great weekend everybody!

-vegas

OIL, OIL EVERYWHERE

“They just keep pumpin’ don’t they!?”

Inventory data just keeps getting worse for oil, as we now see crude back in the

mid 50’s, with no place to go … geopolitical tensions and worries keeps price up,

and higher supplies and lower world oil demand keeps it down … OK, where do

you go? … you don’t go anywhere, and it all boils down to stop hunts and who

has control this second before it all changes in an instant … In other words,

nothing new under the sun.

I’m outta here early cuz I can’t take another minute of this crap … until tomorrow

mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

BACK IN THE $55 HANDLE

“What describes oil better than this!?”

Well, back to the $55 handle today, as oil inventories pile up at an alarming rate

… terrorist oil strike? … what terrorist oil strike? … production back up and it’s

“mission accomplished” in more ways than one … let’s just say, oil producers

are giddy as hell over the attack, and got to sell oil way higher.

Some hope for oil traders looking for a CFD to trade WTI oil … FX Choice has a

“fairly” decent CFD, quoted most of the time at a 3 cent bid/offer spread with no

commission on the Pro MT4 account … like others, it can get “squirrely” at times,

but it’s a far better alternative for US traders than the likes of Coinexx or Turnkey,

where the spread is like playing roulette … sometimes you win, but mostly you

don’t. If interested, give them a look on the demo first.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

FALSE ALARM, THEY’RE AS BAD AS THE REST!

“An urge for an honest & decent crude oil CFD? … nah, never mind!”

What I had hoped for yesterday with an honest and decent crude oil CFD people

could trade, turned into dust today, as the brokerage house’s “words” didn’t

match the reality of the scumbag bank LP’s, who “jacked” oil around today pretty

hard and couldn’t maintain a 3 cent spread … as I told them, you lied, so I’m

“buh bye”!

Oil gets hits hard today with some soft economic data, and as stocks sank so did

oil … same old shit, different day … we’ll keep looking for that elusive oil CFD,

though, and let you know when we’ve found it … until tomorrow mi amigos

… Onward & Upward!!

Have a great day everybody!

-vegas

THE OIL RUMOR MILL IN HIGH GEAR

“Trade oil, and you’ll be a permanent resident!”

Well, everybody has something to say … Putin, Saudi Arabia, Trump, etc., and

add it all up and crude oil can’t move to save it’s life once New York opens for

trading … what a boring affair … and here we are in the 57’s & 58’s with no place

to go.

On an optimistic note, I may have found a great place to trade oil for U.S.

citizens & residents … I’ll know more tomorrow … keep your fingers crossed

… until then mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

SUNDAY UPDATE: THAT WAS QUITE A WEEK!

“How every oil trader feels positioned over a weekend!”

Every day last week saw trading action go lower, after Sunday night’s historic

melt up of some 20% in price … was it for real, a false flag, and inside job as

some are suggesting? … I dunno, but for some who were over inventoried in

crude, it was Christmas come early for some badly needed coin … I have a very

hard time seeing this week being anything more than a “chopfest”.

Directly below, the 20 Day Range MA for WTI Crude Oil.

click on chart to enlarge

A slight increase, but digging into the data it’s an outlier that will get worked off

in the day’s ahead … still, it points to the “hair trigger” response crude oil has to

supply disruptions from the Middle East, and especially Saudi Arabia … first

estimates were of damage that would cut Saudi production over 5% and last for

months on end … within 24 hours it was downgraded to a minor blimp … with

that being said, it still caused a 20% jump in price at the open, the largest in the

history of oil trading … right, nothing suspicious about all of this is there?

Onto the week … until tomorrow mi amigos … Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas

OIL TAKES A BREATHER

“Again, after today’s oil action, Butch sums things up perfectly!”

What is it exactly there is to say about oil today with a $1 range? [Ok, $1.30 now

since they decided to take some sell stops out, here late in the day] … well, uggh!

is a good start, but there isn’t anything new here to write or talk about … except

of course, the lame ass bid/offer spread at Turnkey, where their idea of an oil

CFD spread would make Vito Corleone blush … what a wasted opportunity these

assclowns are missing, all due to pure greed.

Blog update on Sunday … until then mi amigos … Onward & Upward!!

Have a great weekend everybody!

-vegas

ASKING THE INCONVENIENT OIL QUESTION

“Ponder this traders!”

Oil back down very close to “pre drone strike” levels … “what if the whole

supposed affair was a false flag, by the Saudi’s, to get oil up so they & the other

dictator scum that run the oil world, would have a sharply higher oil price to sell

and bag some serious coin”? … given today’s world, the prevalence of electronic

trading, and the spreading of propaganda via the internet, I think the question

has to be asked? … I’m not entirely sure of the true answer.

Oil today behaving, meaning the range so far is less than $2 … still, can’t get a

stable and decent bid/offer spread from the usual suspects to trade it, without

getting ripped a new one … cuz that’s what they do, that’s why! … scum top to

bottom, but unless you want to trade futures, there isn’t any other alternative

right now.

We’ll see what tomorrow brings … until then mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

AND SUDDENLY, WE’RE BACK TO NORMAL?

“The wisdom of Morticia Addams!”

Well, that didn’t take long, now did it? … if I didn’t know better and was somehow

skeptical, I’d think events over this last weekend were intentionally hyped up to

get the biggest bang for the buck at Sunday’s open for crude oil … amazing how

quickly the Saudi’s got everything back online with oil production, isn’t it? … I’m

pretty “Hoover Dam” sure Vlad & the boys were selling with both hands after the

open.

As I said over on the traderzoogold blog, too bad the brokerage community can’t

offer an oil CFD worth a shit, that U.S. citizens can trade … no question, oil is the

market to trade, but you have to have fair and honest pricing, and right now we

can’t get it … both Turnkey & Coinexx are a joke in regards their oil CFD’s, a

complete and utter ripoff, and they know it … they choose to do nothing about it,

and that’s what pisses me off about them.

I still think the oil trading community is mis-pricing geopolitical risk in current

pricing … the world uses about 110 million barrels of oil a day … the attacks last

weekend put about 5 million barrels out of production … we saw the biggest jump

in history [20%] when oil opened, on a 5% oil disruption … if it ever gets serious,

we sure as hell ain’t gonna stay in the 50’s!

Today sees oil inventories roulette and the FED … so far, less than a buck fifty

range, so it’s quiet … how long does this last? … update: down into the 57’s for oil

on bearish inventory supply builds, and the fact that bombs aren’t dropping on

Tehran, instead greater economic sanctions  … amazingly, we aren’t that far from

where we were on Friday’s close? … is the oil market back to normal? … I dunno,

ask the spider.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas