I have looked at your graphs,I like your analysis and think it is important as backwardation/contango is the best prediction of CL prices long term if considered the opposite,as markets are more often wrong than right regarding long term. When I first traded CL since 2000 my friend Shay told me:Do you want to make millions from zero? I said of course!,then he told me to buy CL for December 2008 for I think 13-14$ when 2000 CL was trading at around 22.He told me to buy 1 futures contract and each 10$ up to double,today I would have 8192 long CL.I don't even know what the value of it would be today (11,878,400 USD? but I think more) as I am not a mathematician and don't waste your time counting it or replying about margin call at some bigger fluctuation I would have,but I would never have a margin call going the way he told me as doubling each 10$ up would not put me on a margin call.Doesnt't matter,I just wanted to give this example and show to all traders out there that IT IS POSSIBLE TO MAKE MONEY TRADING. Now regarding today's CL prices according to your research,CL futures for December 2016 are the same as spot price,I don't know what it means as backwardation or contango are easier to read,but my gut says that the best thing to do when nobody knows what to do (even biggest traders of CL are not sure how to price December 2016 Crude Oil) so the best thing to do is ........Crude Oil. Here I must stop,why I must share my understanding of future price move for CL with anybody,who are you all here?Do I know you?I will share this only with people whom I know personally and with whom I make a handshake,who's hands and soul are clean and pure,I would not share my secret with some greedy speculator who will make money on my knowledge,let everybody do what he likes,let all those I don't know and will never see in my life make or lose billions,I don't care.If somebody of you can prove me that one is a good hearted person,then please post your comment here with e-mail to contact,I will consider everybody's request and the most I will help people who lost money in futures,this is my priority to make a good person happy again and bring him/her back on top.
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I have looked at your graphs,I like your analysis and think it is important as backwardation/contango is the best prediction of CL prices long term if considered the opposite,as markets are more often wrong than right regarding long term.
Aug 29 07:50 am
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All Comments by PAUL&$HARK »Oil Manipulator Named: Gustav [View article]
When I first traded CL since 2000 my friend Shay told me:Do you want to make millions from zero? I said of course!,then he told me to buy CL for December 2008 for I think 13-14$ when 2000 CL was trading at around 22.He told me to buy 1 futures contract and each 10$ up to double,today I would have 8192 long CL.I don't even know what the value of it would be today (11,878,400 USD? but I think more) as I am not a mathematician and don't waste your time counting it or replying about margin call at some bigger fluctuation I would have,but I would never have a margin call going the way he told me as doubling each 10$ up would not put me on a margin call.Doesnt't matter,I just wanted to give this example and show to all traders out there that IT IS POSSIBLE TO MAKE MONEY TRADING.
Now regarding today's CL prices according to your research,CL futures for December 2016 are the same as spot price,I don't know what it means as backwardation or contango are easier to read,but my gut says that the best thing to do when nobody knows what to do (even biggest traders of CL are not sure how to price December 2016 Crude Oil) so the best thing to do is ........Crude Oil.
Here I must stop,why I must share my understanding of future price move for CL with anybody,who are you all here?Do I know you?I will share this only with people whom I know personally and with whom I make a handshake,who's hands and soul are clean and pure,I would not share my secret with some greedy speculator who will make money on my knowledge,let everybody do what he likes,let all those I don't know and will never see in my life make or lose billions,I don't care.If somebody of you can prove me that one is a good hearted person,then please post your comment here with e-mail to contact,I will consider everybody's request and the most I will help people who lost money in futures,this is my priority to make a good person happy again and bring him/her back on top.