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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
JUNE CRUDE OIL MARGINS UP ANOTHER 20% EFFECTIVE WEDNESDAY 13TH MAY
Maintenance margin as follows (Initial Margins, ie non-member rates will be 110% of these)
Tier 1 / Jun20 increasing from 10000 to 12000, +2000 or 20%
All other tiers unchanged - I think everybody is telling you not to trade June.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
And if you don't know John is a now retired Natural Gas trader that turned a $5 million bonus into the $4B hedge fund "Centaurus" and a personal wealth in excess of $2B. Also famous as the the guy on the other side of the Amaranth blow up.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
Just posted this in the negative price thread. I double post incase there are people not following that thread. If everybody is following that thread, and don't want to be double post, just let me know and I can stop.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
Baker Hughes Rig Count Down 34 to 258
That's 425 in 8 weeks!!! (19, 40, 62, 58, 66, 60, 53, 33 & 34)
This is the lowest rig count since Aug 2009, and an approximate 650 rig drop from them end 2018 highs. At the end of 2014/beginning 2015 the rig count dropped almost 1000 from 1600 to 600 in about 6 months!
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
I hear conflicting things. I've heard claims that people can't find storage but then others tell me its still available. I don't know. Must admit I've got option bear spreads on so this isn't what I was expecting.
Actual stocks and storage availability are not the same thing. There are people that have storage booked that they plan to use for barrels for the balance on the month. Heard that there were some pipeline issues last week that may have contributed to the draw, but have looked for confirmation and can not find anything in the public media.