CRUDE oil traded negative!

This topic has 4 replies, 2 voices, and was last updated 3 years, 12 months ago by hong pill Richard Ong.

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- April 20, 2020 at 8:15 pm #1723
  
  FractalFreak
  Participant
  
  https://www.forbes.com/sites/jimcollins/2020/04/20/the-us-oil-etf-uso-is-the-culprit-behind-oils-massive-plunge/#6eb4373424e8
- April 20, 2020 at 8:16 pm #1724
  
  FractalFreak
  Participant
  
  This article above explains nicely what happened, why oil was trading BELOW zero, how the ETF USO impacted the market etc.
- April 20, 2020 at 8:16 pm #1725
  
  FractalFreak
  Participant
  
  OIL charts:
- April 21, 2020 at 1:51 pm #1728
  
  FractalFreak
  Participant
  
  Commercial users could easily predict the short squeeze against the DM longies:
- April 21, 2020 at 3:06 pm #1731
  
  hong pill Richard Ong
  Participant
  
  None expect it will fall below 0. Impossible but it happen.
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