OIL GOES FULL RETARD

“What it’s like to trade crude oil!”

Well, weekend events certainly have changed the oil dynamic, haven’t they?

… and while you couldn’t blame oil producers for wanting to hedge a 20%

windfall that came on Monday’s open, for the spec community I’d switch my

focus to positioning myself from the long side for a good long while … sure, the

Saudi’s today announced they’d be down for a couple of weeks rather than

months as expected, and WTI oil went “Thelma & Louise” for 8 minutes to the

tune of $3 per barrel to the downside, but now that that’s over with, I’d be very

careful about trying to sell rallies here … and here in the early PM, the Saudi’s

again pouring fuel on longs, as their oil minister announces full production of

oil is back NOW … ouch if you got caught in this.

It would be nice to have an oil CFD that worked, but apparently that’s too much to

ask for from the likes of the scumbag LP’s at Turnkey & Coinexx … 7 - 8 cents for

a bid/offer spread is a total rip off and they know it, and my guess is that it’s

gonna be awhile before we see anything reasonable, if ever.

The risk here, obviously, is for an escalation of the attacks on the Saudi’s oil

facilities, and that would only mean sharply higher price within seconds, and that

can happen anytime day or night. Play it from the long side mi amigos!!

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

THAT TIME THE OIL MARKET WAS BROKEN

“Look at the bright side … you weren’t short oil over the weekend!”

When SHTF in any market, count on the scumbag LP’s to do their level best to

fuck with everybody for their own profit … nowhere was this more evident than

last night on the oil open, where some of the oil world opened on time at around

the $63 level [give or take a few pennies], and then there was Turnkey’s brand of

scumbag LP’s, who didn’t open for a full 17 minutes later.

Well excuse me, but in that 17 minutes oil had a $3 range and after opening on its

high of the day, dropped to its low for the opening hour within a couple of minutes

of that 17 minute delay … if you believe this was a “coincidence”, I got some

beachfront property in Kansas to show you … scumbags top to bottom, and this

so proves it. The only thing you can absolutely count on from the scumbag LP’s,

is that they are going to try their level best to screw you at every opportunity. Nice

job Turnkey.

And so oil goes full retard, the bid/offer spreads blow out, and we’re back to

normal now with the usual bullshit of “tightest spreads in the world!” which

aren’t, and you’re looking at 5 - 8 cent spreads … highway robbery, but all to

predictable after the weekend’s events. Who knows when spreads come back in?

I’m outta here … can’t take another second of these manipulated bullshit

markets … until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

SUNDAY UPDATE: IF SHORT OIL, PRAYER IS ALL YOU GOT

“Especially if you went home short oil over the weekend!”

Some traders come tonight when markets open for the week, are gonna get a

painful lesson in market dynamics from crude oil … news of Saudi Arabian oil

fields, specifically its largest oil facility, being attacked via drones from what

looks like Iran, is most likely going to make tonight’s open a “six pack of Tums”

experience for a whole lot of traders … I simply have no idea what to expect

from price … all I can say is, the only thing you can count on is that the scumbag

LP banks will blow the bid/offer spread out to unheard of heights, and in the

process make crude oil untradeable for perhaps the entire week … who knows?

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

click on chart to enlarge

We’ll see what happens later, but this could either be a “false alarm” and price

doesn’t do much damage, or it’s a total clusterfark and the market becomes

totally dysfunctional … I dunno mi amigos, I dunno.

Until tomorrow mi amigos … Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas

CAN OIL GET ANY UGLIER?

“Our head of security Butch, has an urgent message for oil traders!”

Some days are better left to those who have no clue about trading … today might

be one of those days, cuz only the clueless would want any part of this no action

clusterfark today … even better, if you ponied up and paid 5 - 6 cents a barrel,

before commissions, for the privilege of being skinned by the likes of Turnkey or

some other bucket shop … ah well, good times no doubt.

There isn’t anything in today’s oil trading worth remembering … we’re in the $55

handle … we’ve been here for weeks … nothing new under the sun.

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

Have a great weekend everybody!

-vegas

VISITING THE $53 HANDLE AGAIN … WHO KNEW?

“Modern day SJW education at work!”

For a brief moment yesterday, I got all tingly in my legs … yup, both Coinexx &

Turnkey had the WTI Oil bid/offer spread at 2 - 3 cents per barrel … be still my

beating heart, cuz just the day before I had sent them both a blistering email

explaining what total fuck ups they were in their oil CFD’s … lately tipping 6+

cents, they’re complete ripoffs, and an insult to traders everywhere … and a

part of me thought [very small part] maybe they had gotten the message.

So today, as Europe opened and oil trading got underway, again they were at 2 - 3

cents … then New York rolled in and the POLS & Apparatchiks got involved, oil

blew up, and the spread disappointingly widened back out to ripoff levels where

they have remained since morning … so, a “bait & switch” operation trying to

suck traders in before the hammer comes down … WTF is wrong with these

outfits, that they can’t maintain an oil spread without sticking a gun in your

face? … fucking crooks and thieves top to bottom.

Other than that, oil gets a brick to the face, as world oil demand again is cut by

those that measure it, and the farcical “China trade deal” goes bust midday, and

oil tastes the $53 handle again before rallying … is there anything new in any of

this? … Nope, nothing new under the sun.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

OIL GOES BOLTON

“Drop kicking Bolton the hell out!”

Well, that escalated quickly in oil , didn’t it? … POLS & Apparatchiks at your

disposal … “thank you sir, may I have another”!? … and just like that, we’re back

in the upper 55’s to low 56 range in crude … and the killer “Flying Wedge of

Death” [FWD] on the daily candlestick chart continues unabated … “what if this

kind of range lasted for years? … how would this affect your oil trading? … won’t

last above 58, and can’t break 53 with any conviction, so what do you do?

I’ll tell you what you do … you wait for our new proprietary oil algorithm to be

released, and then OWN THIS BEAST! … yea, it’s that good … hardest thing for all

of you reading this will be FOLLOWING IT & executing the proper trades … hell,

it’s all visual on the MT4 platform screen … understanding it is easy … a group

of retarded kittens can grasp this algorithm in under a day … pushing the buy/sell

buttons when you’re supposed to for profit? … sounds easy doesn’t it? … I can

assure you it ain’t, especially for Newbies … and the reason is simple … your guts

and your brain have to be “synced” … and when that’s accomplished, this market

is an ATM!

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

OIL “PUMPS & DUMPS”

“Aliens with oil is the only answer!”

Crude “pumps & dumps” today, on the bogus ChiCom headline that hit markets

right before Lunch in New York … so what else is new? … rocketing skyward

above $58, then going “Thelma & Louise” down near $57 … never underestimate

the power of oil to go anywhere the hell it wants … this market is like a runaway

freight train, where nobody knows where it will stop and turn around.

But, here we are around $57 … nothing new under the sun.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas