Monday April 20, 2020
Crude oil crashes below $0
Now THIS, is a once in a lifetime opportunity.
Sure it'll probably go lower or not, but at 1 cent this is a super investment to go long with.
Maybe in 6 to 8 months, whenever the pandemic rolls over, crude oil will surely start to redeem it's value. The reason for this has to do with gasoline, as gasoline is created with crude oil. People have been buying it less these days due to social distancing and other matters that prevent us from being active during the pandemic, causing the oil supply to surplus in abundance, and driving down it's price due to unpopular demand.
MACD Indicator at the bottom is wide open with no sign of a turn around. The following crosses happened on a downslope extremely, extremely, extremely bearish.
Also since the market is closed at this hour, it won't move so tomorrow morning will be interesting with this stock.
Velly good buy at 100 shares per dollar ! Imagine when she goes back to $20+
June contracts are $20+ atm definitely an isolated incident.
