When do you think oil will rebound?

Hello, traders happy 4/20!
My question for y'all is when do you think oil stocks will rebound back to their previous highs and why?

Thanks for viewing.

 

Under worldwide communism which is the current position of our dear leaders then never.

 

1. https://www.jpmorganchase.com/corporate/investor-relations/document/1q20-earnings-transcript.pdf

 

Approximately 5 seconds after the globe 'reopens.'

 

Europe reopened today, but oil is down....weird time to trade

 

At these prices load up and keep loading up as it goes lower when this all over back to $60 in no time.

 

buying the dips will come to an end

 

CL Settlement Net Changes: May -55.90, Jun -4.60, Jly -3.14, Aug -2.69, Sep -2.24, Oct -1.90, Nov -1.64, Dec -1.41

May Volume: 224,816
Jun Volume: 1,136,362
Dec Volume: 81,901

CME just officially settled the May '20 CL Contract at:

- $37.63

 

We'll have $20 Oil tomorrow with the June contract.

In terms of the May contract meltdown - my GUESS is that some retail longs were autoliquidated by brokers. Commercials who were short and planning on making delivery offset some at ridiculous price levels. Just a guess but I think it's a good one.

 

When do you think oil will rebound?

It already has.

The April (K) contract, in the extended session, is up $36,670 so far.