How do I start trading oil futures today (Saturday)?
Like what brokerage house do I use, how can I get approved to do this ASAP.
General tips on futures trading.
How do I start trading oil futures today (Saturday)?
Like what brokerage house do I use, how can I get approved to do this ASAP.
General tips on futures trading.
I got access a few years ago after signing some forms on tdameritrade
Better off shorting USD/CAD with leverage. According to Reuters & Bloomberg, the oil flow from Abqaiq was impacted heavily which is great for a country who's main export is oil, and who's main customer is the US.
Take advantage of US trade imbalance AND rising oil prices.
The big swinging dick oil traders are going to rape you into a greasy puddle on the floor.
why do you want to trade oil futures?
what is the deal?
you don't
and it's already too late
the power players have already shifted the price to wherever it's going to be
We're a net exporter now. You have no fucking clue what you're talking about, and if you fall for every "The sky is falling!" story by the MSM, you deserve to be raped shorting USD/CAD. We import more oil from Canada and South America than we do the Middle East anyway, that was the goal to untangle from OPEC fucking with us.
And, going by Pompeo's comments this afternoon, this is kabuki theater to start a war with Iran. The US public will understand "They're after the oil!" - which they used to sell two wars in that region already.
We're going to war. The economy will boom from it. Trump wins the next election. But keep thinking you know the smart moves here.
houthis bombed 50% of saudi arabia's oil refineries
No, they didn't, you fucking idiot. There was 10 drone strikes, and they shut down half of the refineries in response. It would take thousands of drones to physically bomb half of the refineries in the region.
Please tell me you're making investments based on not understand actual news articles. Or even reading them. Oh, wait, it's /biz, that's assumed.
Seems like it may have been Iran, but anyone in the region would benefit from a decrease in production, now that everyone has agreed to the OPEC restrictions.
Does seem like interesting timing with the Saudi Aramco IPO getting ready for primetime
you dont wait until the knews of oil fields being attacked is plastered all over the world
what a retard
I don't know enough about the Aramco IPO, but it wouldn't surprise me. The reaction to this is too...calculated. Pomeo's reaction was too scripted. This is kabuki theater. Trump needs to do some big moves over the next year, and this may be the start. A good old "let's shoot some brown people!" war would be good for his ratings. He knows war is good for the economy. And if it helps his fat cat friends who are in on the Aramco IPO, even better.
Dosen't change the fact oil is priced in USD all across the globe.
Try to look at things from more than one angle, big boy.
He seems more likely do do a "lol not my problem" and pull a lot of troops & resources out of Afghanistan.
But he doesn't actually care about debt, so maybe not.
>A good old "let's shoot some brown people!" war would be good for his ratings.
It would be the complete opposite you absolute fucking brainlet. Jesus fuck have you ever talked to anyone outside your clique of 3 autistic friends?
If only there were some sort of smart contract based derivatives... But how would that work? You can't get something like oil price safely onto the blockchain right?
Try understanding what the fuck you're trying to have a point about, retard. You're just another retard on Jow Forums who thinks posting "short [something bad in the news]" makes you a legit trader with a clue. Just shut the fuck up and go back to scribbling crayon lines on charts, stupid.
too bad you also need a counterparty to trade against so when the blockchain based synthetics do roll out there'll be no one to trade with becase OTC traders will be the only ones who actually want smartcontracts but that's still years away and p2p trading doesn't really appeal to the big boys like it does you faggots
What a verbose way of saying: "I disagree".
I shudder to imagine how bleak your life must be.
Go cock your fedora aggressively at someone else, Mr. Ineffectual.
I'm longing USO, good idea or bad idea?
Hahahahaha. Imagine thinking you have an edge in a trade while every news site is spamming the same article
You’re so fucking retarded, kid. WTI futures would eat you alive. It’s so funny to see all the amateur hour traders coming out of the woodwork and going long oil. Let’s look at the current landscape:
US is at record production
Crude shoulder season is beginning
World economies (demand) is slowing
Trump is anti Middle East wars
Next year is election year
Trump wants low gas prices for re-election, he’d be fucking retarded to try to escalate this. Trump wants Iran crude back on the market. He gets to brag about “making a deal with Iran” and “low gas prices” with one stone
Oil is going to the 40s; this is noise and I’m shorting pops
t. 4 year crude futures trader
>Trump wants low gas prices for re-election, he’d be fucking retarded to try to escalate this. Trump wants Iran crude back on the market. He gets to brag about “making a deal with Iran” and “low gas prices” with one stone
He has better chances of getting elected as a wartime president. If gas prices explode he could blame Iran and use high oil prices to prod american citizens into supporting a war.
You should be short on oil,always sell the news,s and p will be down too monday
>s and p will be down too monday
perhaps, I think we're ready for a short term pullback, but I'm really eying the FOMC meeting right now.
Powell could fuck everything up, and I feel like buying TVIX.