OIL & CRYPTO TAKE A DAY OFF

“I’ll take WINNERS for $1,000 Alex!”

Oil & crypto taking the day off today … not that unusual in oil lately, but kind of

surprising to see crypto rather dead … the usual MENA [Middle East North

Africa] suspects not happy with Vlad & crew in Ruskieland, and their ideas of

maybe not cutting production like the rest … so over the weekend some

jawboning from the Sheikhs & dictators, and Bingo, Bango, Boom!, oil spurts

higher.

Earlier today, got a great algorithm buy signal in ETHUSD, and rang the register

there, while stocks were dead before the latest round of “China trade deal”

fireworks got some “big girl panties” all bunched up and in a wad … once

stocks opened, crypto hasn’t moved at all.

I posted over in my other blog about trade conditions for crypto, and how most

other brokerage houses only give you the “optimum quote”, and don’t give an

indication of what kind of slippage a bigger order will have on your fill … one of

the great things I really like about PRIMEXBT, IS THE BID/OFFER you see on

your chart screen, is the bid/offer for the size of your trade … raise the volume

and the spread widens some, lower your size and the spread contracts some.

For WTI Crude Oil, it breaks down like this; 100 barrels, bid/offer spread = 1.2 or

1.3 cents; 200 barrels, bid/offer spread = 1.4 cents; 500 barrels, bid/offer

spread = 1.6 cents; 1,000 barrels, bid/offer spread = 1.8 cents … commission

[round turn] is 0.02% of price per barrel, so at the current price it’s about 1.2

cents.

Quite frankly, if you’re not trading crypto and/or crude oil at PRIMEXBT, you’re

giving money away … until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas