👋Hello people! This is the topic of the day. In short video I explained basics of this price action. 👇 Why it is happening! Can I buy Oil cheap now? Global recession?!
Will other markets follow? 👇 Not really. But this is example of Futures trading. And new traders should understand one simple rule — Everything Can Happen!
Thanks for your attention!
Recommend to put like below this video! 👍💗🧡
Write in comments what you think :) ☁︎
Stay tuned to Artem Crypto !
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And today price back to 21$ again, Well done friends. By the way Brent all the way was holding there near 20... (pic)
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probably May 20 will be closed in same manner, while we have these economic fields shutdown
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Hey people. Important notice! If you are not Oil trader, better avoid what you don't understand. This is trap for people like me who not trading oil regularly, and don't understand possible risks of taking positions in current field condition. Stay safe, peace :)
I can store 7500 barrels. I have the tanks.
Who can I buy from?
ArShevelev
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@richgoff, i told you brother in video. no broker will sell you at these prices :)
richgoff
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@ArShevelev, do you know that as a fact? Or is it an educated assumption?
ArShevelev
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@richgoff, good question, unfortunately I can't try by own, but as you said you can store 7500, meaning you can buy so much. try to buy and let us know, but the price is expired by today..
hossainsazzad93
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@richgoff, You need to know a guy who sells oil in barrels from those companies. Few fellas will do that and store it in their warehouses.
ArShevelev
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@hossainsazzad93, do you have explanations, why they selling in current situations?
hossainsazzad93
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@ArShevelev, Yeah I thought about it... It does make sense they wouldnt. And they wouldnt sell either cuz they bought with a loss.
ArShevelev
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@hossainsazzad93, yeah probably... For example Russian oil producers cost 3$ each barrel ... For US I don't know..
MrRenev
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@richgoff, You need a CME account or prime broker or contact Oil sellers directly. I know US producers are desperate to empty their warehouse, maybe canadians I am not sure.
Every country being closed and everything you'd have to buy locally...
Who can I buy from?