this is the WTI crude oil May contract that went negative it...
this is the WTI crude oil May contract that went negative it's doing much better now it's recovered a lot of those losses
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ThatGuyTrading : I only bought one right before closing was hesitant to losing the profits I had just made
Trader-101 楼主 ThatGuyTrading : I'm not trading contracts honey that's a future contract that's how they gauge are oil contract prices are index is based off of oil futures which is basically just an option contract
Trader-101 楼主 : sorry about the grammar I'm talking into my phone so ignore that
Trader-101 楼主 ThatGuyTrading : I think you missed a real opportunity in our group we picked up 5,000 shares of WTI when it hit under a dollar 96 I think we paid
Triss : Any idea which oil counters to get in for long term (I mean for share )
Trader-101 楼主 Triss : I'm not recommending any companies right now just because there's going to be quite a few that could be on the verge of bankruptcies by the time this is over the only thing I would recommend is WTI that's our oil index and refinery with that said it's your safest play because literally most of the oil market would have to go under before they do
Trader-101 楼主 Triss : now there are a few pics that I would go with if I were to choose one Chevron Exxon route 66 Apache just to name a few
Triss : I also prefer to buy oil etf which I think will be a safe play . I'm thinking to buy reversal of oil index for short term as well
Trader-101 楼主 Triss : I would not recommend that we just had the biggest crash almost in history today and it started reversing going back up but with that said it's never happened before and I don't think it's going to go any further down than where it's at and if it does we're all in trouble
Triss : thanks for your thoughts , except for uso and uco any other index that it's good to recoomned ?
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