I have zero clue about symbols and future contracts because quite active trading because of very good job pay 15 years ago ...But to everyone it's obvious that oil price goes down more, but shoot up to at least $45 in a two or three year time .... If not They will kick Donald Trump ASS out of middle east, this is Guaranteed ... it's a safe investment
I'm not buying time being, because of what i'm told here about how future contracts on oil, i'm not stupid to buy, but taking opinions from everyone . But what i'm saying oil price can't stay at this levels for long. You have to understand how politics play big role in Oil price in middle east.
Thanks for stating the obvious. Smart money is in spreads: short front month and long dated months for the big Contango WIN.
Sure and the smallest short term ripple up is gonna rape you so deep in your behind that we will hear your scream miles away. There is no free lunch in this play. Even buying oil exposed equities will carry the risk of bankruptcy in some players.
It will go to zero. Have you still not comprehended it? Storage capacity around the world has been exhausted. Spot oil is either being dumped or stored, it can now not be stored anymore. But because you are seemingly so excited about it, it trades now at 2.5.
That's the entire premise behind the Contango trade dipshit. I've been talking about it for months now.
Its a completely stupid trade you suggested. The slightest news could push up the June contract by 20% = multiple dollars while further out months hardly react. But because you are so smart why don't you post your trading account where you placed your super contango spread trade? Would love to see it.