Didn't people just get caught that had no intention / couldn't take delivery so if you weren't going to take delivery than you were paying for the penalty of not taking delivery via negative prices? Isn't that what people are saying? makes sense to me.
Doesn't feel like the start of any sizable retracement( move back to 2500) of the massive up move yet.Companies are smart. There giving no guidance as they don't know thus no terrible outlooks yet .
Strange as it may sound but I continue to get bullish sentiment on oil, not bearish. Friday was very bullish, Monday was weaker sentiment but still not bearish.
Indeed. -57pts is so freaking bullish (It opened 20 on Friday. Closed -37 on Monday) Luckily you don’t buy when you’re bullish.