SAY GOODBYE TO CRUDE OIL CFD’S

“Crude Oil as a trading CFD instrument is dead!”

We’ve gotten to the point where it’s simply time to say “buh bye” to crude oil

trading via CFD’s … with the collapse of the May 2020 futures contract into

negative territory, brokerage houses are not offering crude oil CFD’s on anything

remotely close to the front month … instead, you’re now trading some kind of

hybrid “back month” oil, which does NOT come even close to trading like the

spot month … welcome to “future expectations”, where the ranges and the trade

are lower, sometimes much lower, so while the front month futures move, your

oil CFD sits there and doesn’t do shit … and with sky high spreads from hell,

commissions thrown in for good measure, AND possible slippage, why the fuck

woulld anybody ever trade an oil CFD going forward? … so effective immediately,

I’m not gonna be commenting on something we can’t trade, cuz what’s the point?

Hello crypto!! … another burner day in BTC, with about a $900 range, starting

with a rip roaring rally in Asia last night that saw price hit about $9400 … since

then, following stocks, it’s been all downhill … Ripple [XRPUSD] for its part,

topping $0.23500 cents last night before following lower as well … so, a lot more

commentary and analysis on crypto going forward after today.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

BTC SOARS TODAY

“It’s all mine!”

BTC puts in over a $1,000 range today … some very good algorithm buy signals

early this morning … also some strong gains in other pairs like XRP & ETH

… with crude oil D.E.A.D. as a CFD market, you owe it to yourself to start looking

at crypto and trading it … no better place than PRIMEXBT.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

OIL AS A CFD MARKET IS DEAD

“The state of the OIL CFD market!”

The OIL CFD market is dead … bury it & forget it … it can no longer be supported,

and there is NOBODY willing to make an honest & fair market … trade futures or

go home!

Crypto has been very quiet this week, especially BTC … the “halving” of BTC

coming up May 13 … PRIMEXBT the only place I know with good trading

conditions … check ‘em out … more on crypto later.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

LONG LIVE CRYPTO!

“HODL baby!”

With crude oil almost dead as a trading vehicle, it’s time for crypto … long live

crypto! … long live BTC! … and for the record, looking at the most popular

pairs, PRIMEXBT now beats out CRYPTO ROCKET [CR] in Ethereum [ERHUSD]

& Ripple [XRPUSD] as well … check ‘em out, they’re good trading vehicles

… not that you’d know it today, though, cuz crypto is dead today, ranges very

small and price drifting … a lot more on crypto as we move forward.

… until tomorrow mi amigos … Onward & Upward!! 

Have a great day everybody!

-vegas

SUNDAY UPDATE: BE PREPARED

“It’s nice to be prepared!”

Be prepared for crude oil CFD’s not surviving the Summer … if June and/or July

futures contracts go “bigly & yuge” negative near expiration again this time, I

would expect a whole host of offshore brokerage houses to just walk away from

the crude oil CFD, and say “adios” … quite frankly, many are getting ready now.

So, don’t say I didn’t warn you or have it come as any big surprise, cuz it’s a real

possibility.

With mainstream adoption of crypto around the globe and growing bigger every

day, I’m somewhat puzzled there isn’t a push for better crypto trading conditions

by the bigger players … the industry needs better spreads and right along with

that it also needs a much better commission structure … right now with many

pairs, it’s too “Hoover Dam” expensive to trade effectively … over at PRIMEXBT,

BTC [Bitcoin] is still the pair to trade and they have the best conditions, but still

it costs about $8 for a round turn trade in the price differential to be profitable

… that, IMHO is still way too high, and it needs to be lower … eventually it will be,

but in the long run we’re all dead, so it’s helpful to live & trade in the here & now

… granted, as long as BTC has $400+ ranges every day, and it moves relatively

smoothly over the world’s time zones, and 50%+ of the day’s range doesn’t come

in like 20 seconds, BTC can be a very good trading instrument for profits via the

trading algorithm … and if you haven’t studied or watched BTC, get with the

program and start … be prepared, cuz if oil, indices, & FX die [a real possibility

going forward], you’re gonna need a “Plan B” … just sayin’!

Directly below, the “CRYPTO, STOCKS, & CRUDE OIL  VIX MATRIX TABLE” for

the current week, followed by specific 20 Day Range MA charts.

click on ANY table or chart to enlarge

CRYPTO

BTCUSD

ETHUSD

ETHBTC

XRPUSD

LTCUSD

EOSUSD

BCHUSD & DASHUSD

As you can clearly see, a slowing down across the board, and with the May 2020

“halving” of BTC coming up in about 3 weeks, I would expect the entire space to

be quiet … but hey, they’ve never listened to me before, so why expect them to

now?

STOCKS

AAPL, AMZN, GOOG, & TSLA

CRUDE OIL

WTI CRUDE OIL

Some extremely wild swings around expiration of the front month futures

contract has caused the OIL CFD to have some unreal range days, and it throws

the MA for a loop … a very large difference between the average & the mean, and

this is the reason.

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

Have a great rest of your weekend everybody!

-vegas

THE OIL NIGHTMARE AIN’T OVER

“Don’t even think about getting long crude oil!”

The world’s most corrupt exchange has raised margins on oil futures … now

$10,000 per 1 lot … that’s interesting cuz the entire value of the contract is less

than $18,000 per 1 lot … ask yourself who exactly pushed for this and why?

… you won’t like the answers … oil still in big heap Wampum trouble as we move

to the June expiration in a few weeks, with some energy trading firms calling for

-$100 oil at some point in the cycle of expiration … there simply is no place to

store delivered oil … literally fucking ZERO! … so, if you’re short oil as a

producer, there’s no positive price you’re gonna be willing to take to offload real

oil … and this is a very big problem for the FED, cuz the QE CNTRL-P machine

ain’t worth shit in oil!

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

Have a great day everybody!

-vegas

THE FED PROPS UP OIL

“Crude oil trading would be a good start!”

I don’t care what anybody says, today sees the FED’s fingerprints all over that

early morning rally that took it to its high for the day to coincide with stocks

exploding … they did it in February 2106, when that seemed like a disaster in the

making with oil going into the mid 20’s … that was just a dry run for the current

disaster … so why not? … is it not cheaper to prop stocks via oil buying than to

pump shares of AMZN?

Make no mistake, this current state of disaster is the direct result of Saudi Arabia

attempting to exert control over world oil, and quite frankly they have the means

to be able to do it … wipe out all competition for oil is right out of the John D.

Rockefeller playbook from Standard Oil of New Jersey back over 100+ years ago …

and with American shale producers a big pain in the ass, it won’t take many more

weeks / months to wipe most of those off the map … despite the FED buying

today, crude is in real trouble, and next up is the June expiration which has the

makings of a real bloodbath on the downside … it would surely be nice to have

an oil CFD that wasn’t hosted by scam artist LP’s, like the ones at both Turnkey &

PRIMEXBT, where how many hours did it take for them to abandon the 2 cent

spread? … what a fucking joke.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

WHAT EVER HAPPENED TO “PEAK OIL”?

“The case for “peak oil” never made any sense whatsoever!”

The case for “peak oil” was simply “stupid” … the world is not “static”, meaning

innovation & technology doesn’t stand still in the hunt for fossil fuels when

there’s money to be made developing them … just cuz you don’t or can’t find the

oil in 1955, doesn’t mean there isn’t any in 2000, 2020, or 2100 … and as the

current oil bust reminds people, there’s always an argument for higher price

down the road, just as there is the argument for a collapse … so it’s been, so it

will always be.

Oh, great news! … crude oil is positive today, with the Turnkey CFD hanging

around $12 here in the early A.M. before New York begins … whoop whoop break

out the party hats … of course, as I noted over on traderzoogold, the scumbag

LP’s can’t keep an honest spread so what’s the point? … what a fucking joke

… they really do think we’re a bunch of dopes … and for the rest of the day oil

doesn’t do shit, and yet the 13 cent spread stays … another scam market.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas