Crude is probably in wave 4 of wave C or it might be that the market has bottomed and a new impulse wave has started Oil has been on a roller coaster ride and due to covid-19 demand is no where to been seen, maybe the market has bottomed but I will recommend not to catch a dropping knife We are bearish at this point and will only consider about bullish scenarios if the price breaks above the $ 43 mark
Let see how this plays, Good Luck !
Disclaimer: This is for informational purpose only, anyone taking trades using this idea will be liable of their own loss
HI @KayJay , I am a newbie in crude oil business and trying to understand how all this crude oil works. I am just curious if I want to short these for short term, or buy these crude oil stocks, can I do that? I read some where that there is an expiration of all this happening every month? Any insight in such manner will be helpful.. thanks.
KayJay
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@topgun007, All future contracts has a expiry date and yes you can buy or sell a contract... you can google this information too :)