“The “Oil CFD Bunny” calmly watches over all CFD traders!”
Front month oil futures closed below $19 on Friday, and June futures closed at
25.03 … directly below, the settlements for futures going out a year.
click on ANY table or chart to enlarge
Meanwhile, the WTI OIL CFD @ PRIMEXBT closed at 25.33 bid … OK, what’s going
on here? … it’s simple … pretty much ALL brokerage houses that offer OIL CFD’s
will not follow the front futures month, instead depending on the scumbag LP
bank to either follow the second month futures or a combo of 2nd & 3rd month
futures average … throw in “cost of carry” for the position of about 4%, cuz the
bank doesn’t hedge with futures contracts but instead most likely uses “spot” oil
brokers in Texas, and you’ll end up with a figure is very close to what PRIMEXBT
trades … and with a 2 cent spread, and trades in 1 barrel increments, it’s the place
to trade oil if you have a small trading account.
Directly below, the current week’s “CRYPTO, STOCKS, & CRUDE OIL VIX MATRIX
TABLE”, followed by groupings of the 20 Range MA’s.
CRYPTO
BTCUSD
ETHUSD
ETHBTC
XRPUSD
LTCUSD
EOSUSD
DASHUSD & BCHUSD
The entire space is losing VIX & IVIX, with BTC not suffering nearly as much as
the other crypto pairs … this loss has made only BTC really tradeable, as
bid/offer spreads + RT commissions take the “total cost to trade” of the other
pairs above levels that make trading them attractive.
STOCKS
AAPL, AMZN, GOOG, & TSLA
Only AMZN is attractive to trade the stock CFD’s at CRYPTO ROCKET [CR]
… GOOG is “on the edge” so maybe that can be traded, but the other 2 are too
expensive relative to what the market is giving you in terms of ranges and IVIX.
CRUDE OIL
WTI CRUDE OIL
With PRIMEXBT “getting back in the OIL CFD game”, with a 2 cent spread, in
1 barrel increments, this makes an ideal CFD to trade given the IVIX currently
available in the market.
Onto the week … until tomorrow mi amigos … Onward & Upward!!
Have a great rest of your weekend everybody!
-vegas
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