Discover and read the best of Twitter Threads about #USOIL

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If May WTI Crude went negative -$40, and June WTI Crude is currently down $8 to $11 (on its way to negative), can US exchange listed oil ETFs go below Zero? If I were a major counterparty after yesterday’s session, I would demand more than 100% collateral. #USO #usoil
Exchange listed oil ETFs represent about a third of all contracts in June WTI crude. They must be sold given current market dynamics from May 11-may 15th. What do they do if oil goes negative before May 11th? Do they stop at Zero?
Or does “management” go into capital preservation mode and try to sell a third of open interest before it hits Zero and send what’s left of retail investor’s money back to them as a consolation prize for not losing everything? #usoil
Read 4 tweets
#Bitcoin
Very possible intra-week scenario is forming here

Retest of 6900 (with acceptable wick to 6700) to test the lower boundary of the channel before next Move UP

#BTC $XBT
#Bitcoin
far from #USOIL , let's focus on our shit

We have approached the channel support now
My Plan:
Holding it -> Long
Losing it -> Wait for 6.7
6.7 Hold -> Long
Losing 6.7 -> Short

Holding with buy back volume + Bullish Div on Lower TFs

#BTC #XBT
#Bitcoin update 🔥

The Channel is IN PLAY, #BTC is Bouncing of its border rn

to be said, Phemex chart is the cleanest, I was trapped using XBT chart

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Read 10 tweets
#WTI price action towards $58,25 following #OPEC+ meeting #OOTT
#OPEC #OOTT #WTI price went up 5 minutes after scheduled meeting at 13:00 before moving towards $58,25 with a 5 moves down.
If we consider #OPEC posture, $58,75 should have provided support imho. But it didn't. The fall retraced 0.618 Fibo
Read 19 tweets

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