VLAD CALLING THE SHOTS [AGAIN]

“So, you wanna be an oil trader huh!?”

Once again, like a pure pro that he is, Vlad has positioned himself to be the key

player in the oil market … he’ll let the world know what the Ruskies will be doing,

soon as he gets his futures positions filled … then and only then you’ll get to

know what’s going on, and in your haste to trade the news he’ll be on the other

side of your fill … thanks, come again!

Over in cryptoland, nothing new under the sun … until tomorrow mi amigos

… Onward & Upward!! 

Have a great day everybody!

-vegas

OOPS! … VLAD IS SHORT OIL … CRYPTO VAULTS

“My profits from trading simply blind ordinary humans!”

Well, that’s easy … get short oil, send out hack to drop a hint the Ruskies ain’t

on board for extending production cuts at next week’s OPEC+ meeting, sit back

and watch WTI & Brent go “Thelma & Louise”, cover at some point, and take

the millions to the bank … see how simple this is? And the only reason the

Saudi’s are pissed, is cuz Vlad got a better short entry on his trades before

spilling the beans … you snooze, you lose!

And while it isn’t U.S. Government, FED inspired manipulation, it’s the usual

bullshit that haunts oil when thugs, dictators, & various presidents who have

oil in the ground, open their Pie Holes and wax eloquent on oil for their own

benefit … it’s something you got to deal with.

So while the world markets diddle around cuz the U.S. has a Holiday, and what a

wonderful excuse for a 4 or 5 day weekend, crypto acts its usual manic self and

puts in another decent range today … so far as I write, about a $463 range, or

about a 7% notional range … outside of oil, which had some vlad news that

smacked it, what else even got out of bed today? … right, NADA! … doesn’t make

any sense to attempt to trade shit that is manipulated and has had its VIX

destroyed by central bankers … you here to make money or what? … seriously,

it’s not a rhetorical question.

PRIMEXBT can get you moving in the right direction …. No KYC, deposit /

withdraw in BTC [the world’s most valuable currency], and sign up through my

referral link in the right hand column and get a 35% deposit bonus to boot

… I mean seriously, WTF is it you want me to do for you? … 1) you get the very

best place to trade crypto, 2) privacy & anonymity cuz no KYC, and if you want

to trade other markets, they’re here at PRIMEXBT, and 3) fund your account and

you get the TC for FREE … follow the directions of the algorithms, and make a

shipload of money! … you’re gonna need a bigger ship!

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

Have a great weekend everybody!

-vegas

STORM CLOUDS FOR OIL

“Oil needs a clapper!”

Oil hanging onto the $57 handle on the delusional economic outlook of Spicoli, but

world oil demand is looking sicker by the day … OPEC in disarray, the Ruskies

cheating on production, and from the demand side the bogus “China trade deal”

becomes a bigger jke everyday they try too rally markets with bullshit headlines

… in other words, where’s the topside for oil given this?

Only problems via Iran keeps oil above the mid 50’s, but I don’t seriously consider

them a threat to world oil supplies for the very simple reason they like to live

… like most things in the Middle East, it’s bluster and bullshit on parade to either

feed your red meat support OR instill fear into your perceived enemies … it’s

simply a game.

Sad to say today, all 3 offshore brokerage houses I spoke with, won’t allow U.S.

citizens or residents to open accounts … “sure feels great being in the company

of North Korea, Iran, Syria, & Yemen, when it comes to being treated like pond

scum by the world financial community … thanks U.S. government for fucking up

practically every single thing you touch! … but, we’ll keep checking and trying to

find oil trading solutions that fit everyone.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

THE RUSKIES SAVE OIL WITH A LITTLE HELP

“Confused!?”

And you want your kids to grow up and be oil traders? … well now, first thing you

tell them is to forget anything and everything anybody teaches them about

“fun-durr-mentals”, and simply go with the flow … the less questions you ask, the

better off you are … this should be driven home in spades today, as yesterday’s

news bolstered oil in a blistering rally, followed by today’s numbers that were

equally surprising … and with all that talk of lower world oil demand, well the

Ruskies promise to cut supply [sure they do], and then stocks … cuz yea … so

$56 - $57 handle here we are!!

I’m so old, I can remember the $52 handle like it was yesterday [how about

2 days?] … and just like that, hopes and dreams of the 40’s crushed like an

empty coke can … and if you’re wondering, the new proprietary oil algorithm just

totally nailed this run up … it will be here soon!

I’m outta here … until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

THOSE SNEAKY RUSKIES!!

“And so are the Ruskies!”

And the Ruskies spoil any and every long position in oil, just like that … promise

to cut production, and then come along [after Vlad & crew are short] and have

your energy czar tell the world your production was higher than anticipated last

month … don’t you just hate those glitches! 

And so, back to the 54 handle lickity split, and if you’re long, no soup for you! And

that’s about it for today … other than that, it’s the same old same old … and oil is

stuck in the mid 50’s.

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

Have a great Holiday weekend everybody!

-vegas

OIL, SCHMOIL … WHERE IS THE GOOD CFD?

“Sign seen at an LP bank market maker for the WTI Crude Oil CFD!”

Of all the markets trading today, without a doubt, crude oil is my favorite

trading market hands down … choose your blend, meaning either WTI

traded in Murder, Illinois at the CME, or Brent traded at the ICE. On

Friday, WTI had volume of about 1.083 million contracts, and Brent had

about 500,000 contracts traded … most people choose WTI, cuz it usually

has higher volumes & liquidity, but their are valid reasons to choose either.

There isn’t a market anywhere that gives you the action oil gives … to great

a world market for Western governments to intervene, unless there are

special extraordinary circumstances … governments use “jawboning” to

effect their wants and needs, sometimes successful and many times not.

The problem for traders, though, especially smaller traders, is that a futures

contract 1 lot = 1,000 bbls of oil, and that means ± $10 per one penny move

per 1 lot … and given the fact that oil on a slow day will see roughly a $1

range, and plenty of up/down action, for a small account on the wrong side of

these moves, it can be a killer.

Well, what about the offshore brokerage houses and their CFD’s in oil? … In

short, they are ALL … and I mean ALL … complete rip offs. Some houses will

have 1 lot CFD’s = 10 bbl., and some will have a 1 lot CFD = 100 bbl., but the

problem here is not the size of the CFD, the problem here is twofold: 1) the

bid/offer spreads are enormous, and 2) slippage on fills can be gigantic.

Turnkey loves to brag that they have the very best WTI and/or Brent oil

CFD’s in the market … even if true and you accept their premise, it’s still

rotten to the core and will lose you money. Turnkey’s bid/offer spread is

usually 4 - 5 cents a bbl. They use this floating bullshit spread idea to fill you

at 5 while you’re looking at 4 … many times, though, the spread will balloon

to 6 or 7+ … now, even with this size of spread, there will still be slippage of

1 - 3 cents per bbl. on almost every trade … add in RT commissions, and if

you trade this consistently, they will take all of your money.

You also get no help from the corrupt CME, which has their emini WTI oil

futures, which have 2.5 cent bid/offer spreads … Friday, this complex traded

about 18,500 contracts, utilizing 500 bbl contract size [½ the regular futures]

… add in slippage in this thinly traded POS, along with RT futures

commissions, and again you are at a big disadvantage.

At Turnkey, a 1.0 lot of crude [WTI or Brent] = 1,000 bbl., and you trade it in

multiples of 0.01 increments … so, if you traded the minimum, which is 0.01

lots, your trade size would be 10 barrels … so, Turnkey gives you a little more

flexibility in terms of trade size, but their oil LP’s are nothing but thieves.

The main LP tried telling me once, that their pricing isn;t off of futures, but

the cash market in Cushing, Oklahoma … yea, right, sure … you believe this,

and I got beachfront land in Kansas to show you … ask them how they price

their CFD and what it’s based off of, and you get silence … press them on this,

and they simply say it is proprietary … of course it’s proprietary, cuz you’re

stealing money.

And quite frankly folks, it doesn’t look like anybody is willing

to take on the CME and tell them to pound sand … the only hope for the

future, is something pegged onto a foreign oil futures contract, but we’re a long

ways from that happening … bottom line, is that it’s futures or it’s nothing.

Lately, WTI is stuck tracking trading in the SP500 … stocks go up, oil goes

up … stocks get hit, oil goes down … until OPEC+ meets in June, all I see are

traders playing the 61-ish - 63-ish range, and trading accordingly … until

there are clearer signals about Iran & Venezuela, and what the Ruskies are

going to do with their production, and what happens to global oil demand if

China & the U.S. can’t make a trade deal, who’s gonna be the one to press

either side of this range? … yea, me neither.

So, look for more endless chop this week with spurts at the edges looking for

stops … other than that, it’s a waiting game to the OPEC+ meeting.

Have a great rest of your weekend everybody!

-vegas