May Crude Selling for $1.xx??? Holy cow

The june contract looks good to me. I been trading it all day. Ignore the bullshit, trade the market. make some money.

 

Can somebody answer if we really have all tanks filled?

 

That will never know. Impossible to know

 

How do we know june contracts won't sink like may did in the next 2 -3 weeks?

I read the average spread is usually less than a dollar. Right now that spread is 8-10 dollars!!!!

 

I would not be trading the June contracts. Talking to some folks in the refinery buisness, they work on the excise tax side. They are out of space, demand is not enough to sustain operations. Gasoline glut.

 

If it's so certain or so bad why wouldn't someone just short it than? And if it's not that bad or certain to be an auto short why not trade it like normal anyways and just follow your setups?

Don't get me wrong I can see why someone wouldn't want to be trading CL right now considering all the other products available. I am just seeing where your mind is on this.

 

Sounds like we should be shorting June then. Could go towards 0 over the next month.

 

I can careless what the june contracts do.

it can go to $0.00 tomorrow or $1000 tommorow. from 7am to 10am I will be trading it up or down.

Keep your mind on your money man. Ignore the pony and clown show.

 

UGGG!! Don't invoke that! Hating you at this moment. Invoke more funner stuff!