USOIL Booked Full profit in crude. Tgt achieved at 58.50 enjoy 😉Community discussions
USOIL Booked Full profit in crude. Tgt achieved at 58.50 enjoy 😉
USOIL This is what I'm talking about 😎🚀USOIL Sell Crudeoil at cmp 59.25 Tgt 58.50 SL 59.75
USOIL My lovely crude please come near 57 i will love you........
😁😊🤗
USOIL Finally the chart is live again
WTI 58.85 right now
USOIL reopening at CME will come with a gap.Gaps usually halt moves up or down, as price moves are result of demand outweighing supply or vice versa, but when markets are closed and open with a gap, the first orders generally are matched at the same price, which will be the opening price.
So the order inefficiency that makes someone "pay up" and drive prices up isn't there initially. If someone wants it, they can just put their order at or above current opening auction price, they will be filled at the opening price. As long as his limit price for the auction is at or above current pre-opening price, they will be filled.
If you don't believe this can favour someone trying to get off his losing position, just watch market halts due to price limits. They are by design tools to protect big players if a 5% move or above happens all of a sudden because liquidity will just dry up and this guy will move price even further down (or up, in case of Oil) to get out of his position. So market halts helps big players to find counterpart without chasing prices indefinitely.
However, no measure has only positive effects. In a market halt and reopening, as you put bigger orders and higher and higher up in price, opening auction price - which is a weighted median price of orders X price just like VWAP - will drive up as well. If these guys are desperate for fills once CME comes back up, the gap can be potentially bigger.
My point is, this really could be on purpose anticipating some big news from big orange man, but not in favour of it as we saw couple months ago with his weekend tweets about China and some Bitcoin seller stacking up sells just moments before. Maybe the news will be AGAINST white office insider traders and this market halt is preventing them to take a big loss.
USOIL what happened today with prices not moving ?
USOILSPOT Opec meeting sunday will see if they open the market before end of the day, this is big manipulation they did this on purposeUSOIL Sell Crude
CMP 59.07
tgt 57.00
can hold for next week