The double zigzag retracement is near the upper resistance. There ought to be a reversal move to it's intermediate support levels.
No obvious fundamentals yet. Just a view...
I don't know if wave theory really even works but It helps me organize my thoughts. DHT and tanker companies are in a really good position with the oil collapse, but if the S&P collapses any further it could drag down everything with it. Projected EPS is around 50 cents for q2 2020, a %330 percent increase from q2 2019, at 19 cents, and reports come out may 13th.
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Future prices may be related to the fulfillment of the contract associated to them. In the case of Oil, the Future Contract Specs for WTI can be found here (www.cmegroup.com). So upon the contract Expiration (Last Trade date that can be found here: www.cmegroup.com), you will have to receive the Oil Barrels (1000 per Future purchased as per this contract in this...
