Yesterday the price of US crude oil went from $18,40 towards $0. It didn’t stop there though and it eventually closed at a price of -$38 for the WTI May contracts. This is unprecedented and never seen before in any asset that I’m aware of.
Today the price of WTI June started trading. At the moment of recording it was trading around $15.
Why is this? Is it a good time to buy oil futures right now?
This is not professional advice
#oil #cryptocurrencies #coronavirus
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You are totally killing it with these videos 👍 much appreciated
Oil wil hit 40 dollars by the end of the year mark my words. But what is BTC going to do? I think we wil see 2k in december.
I really enjoy your videos in fact I only watch your videos till end without skipping 👍👍👍
Wait you just said oil will go up again; but you would stay away. Remember, "Buy when there's blood in the streets?"
Article why SaudiArabia might be the winner. https://www.cnbc.com/2020/04/21/oil-prices-saudi-arabia-is-the-winner-from-historic-price-collapse.html
Great video, very informative. I wonder what this could mean for Bitcoin?
This is all derivatives. You think you are trading a real market, but you are not. Negative interest rates, negative oil prices. Whats next we get younger every time we get a birthday?