ew-forecast

Negative Oil May Contract- How it happened

NYMEX:CL1!   Light Crude Oil Futures
We have seen negative crude oil for May contract because there is no place to store oil.

You think it may happen the same for June contract? Well, It cold if coronavirus lock down is not going to be over soon, globally. However, we see some countries are trying to get back to normal , step by step, so I assume June will be different.

Elliott Wave Service
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