“Nothing to see here … just the utter destruction of an entire industry!”
What can you really say about front month futures closing yesterday’s trading at
an approximate -$40? … and then when the night session opens the new day, it
promptly rallies over $40 to go positive again … this is serious WTF?
Despite the shenanigans of the futures market in oil, the WTI CRUDE OIL CFD, at
both PRIMEXBT & Turnkey are at 2 cent bid/offer spread, and they appear to be the
same LP’s at both houses … traded some oil CFD’s @ PRIMEXBT already today
from the Asian session, from the short side on algorithm sell signals … good
latency and no slippage on fills that I could detect … so far, happy with
PRIMEXBT.
For you oil traders out there, now that we have an OIL CFD that makes sense and
can be traded [please, can it just stay this way?], it makes sense to update the
e-book “Trade For A Living!” with crude oil, and this OIL CFD, in mind … give me
a week or so and it’ll be updated … crude oil is kind of a “hybrid” financial
derivative, with one foot in the physical commodity space, and yet cash settled
as a financial product for CFD trading … as such, it has its own set of
peculiarities and trades different than other markets on the MT4, or in the case of
PRIMEXBT on their own proprietary trading platform … therefore, it demands its
own chapter to be MAX profitable … I’ll keep you posted on the development.
… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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