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Bitduke
20 apr 2020 17:19
USOIL: Doesn't look great, 74% drop, expiration tomorrow
TVC:USOIL
1M
WTI CRUDE OIL
TVC
Beskrivning
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20 apr 2020 17:19
I don't trade WTI crude oil, but this drop is tremendous: from $18 to $4.8 for one day and lowest in 4 decades, just wow.
Tomorrow is the expiration of futures.
When pullback?
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Information is just for educational purposes, never financial advice. Always do your own research.
Kommentera
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20 apr 2020 19:33
it turns out it can take negative values.
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DudeMajestic
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20 apr 2020 17:23
What will that mean? A new contract starts with a new price or something?
Bitduke
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20 apr 2020 17:30
@DudeMajestic
, it's a futures contract on May
June futures currently traded at $22.33, but it's falling and, I assume, it easily may fall in the area of current prices of the May futures tomorrow. But again, I don't trade WTI crude oil.
Mer