SUB 10 oil for june contract ??

[Ali Wibowo 0]

would it possible for june contract to go sub 10 ?

[James Regan + 1,776]

29 minutes ago, Ali Wibowo said:

would it possible for june contract to go sub 10 ?

Most definitely the writing is on the wall, most concentrating of further out, Junes contract will plunge much earlier, this who got caught holding the bag last week won't get caught again, barely a week in and the bears are already running, If Junes contract stays positive it will be due to some out of the blue manoeuvre that only a select few will know about, there is no reason for it not to plunge. But as we know things can spin on a dime.

[Tomaz Korosec + 3]

Yeah, may one was a surprise, now everyone knows what can an probably will happen, so dynamics will be a bit different. Shorting will began much eartlier, but also much earlier everyone will roll, like USO did etc. So because now everyone expects the same thing things can turn a bit different. On the other hand commodities are settled in real terms not only financially, so with so much oversupply I do not see how it could end up any other way than down down down. Nowhere to put this oil.. 

[astros148 + 5]

36 minutes ago, Tomaz Korosec said:

Yeah, may one was a surprise, now everyone knows what can an probably will happen, so dynamics will be a bit different. Shorting will began much eartlier, but also much earlier everyone will roll, like USO did etc. So because now everyone expects the same thing things can turn a bit different. On the other hand commodities are settled in real terms not only financially, so with so much oversupply I do not see how it could end up any other way than down down down. Nowhere to put this oil.. 

Quit posting FUD. UsO will have no more June contracts. Expect cuts and demand opening up.  Total 3 mbd will be cut in USA alone this week.

[Dg56 + 16]

Too easy. 

The answer is in the question. 

Cheers all. 

[Tomaz Korosec + 3]

16 hours ago, astros148 said:

Quit posting FUD. UsO will have no more June contracts. Expect cuts and demand opening up.  Total 3 mbd will be cut in USA alone this week.

 

3mbd will be cut while a botaload of tankers are waiting to unload, idiot.. Also when demand picks up, there is still tons of oil being stored and besides a cut in production does not materialize in 5 days..