Crude Oil is at an interesting point now. Check out the daily chart above, you will see I have several Support and Resistance lines which indicate some key levels of activity for Crude Oil (WTI). Similar to when crude oil was at $25, the price is moving sideways for a few days at this key resistance of $35-$33. It is quite c...
Read MoreHere is something interesting I noticed last night. The May Put with Strike 2800 showed extremely high trading volume. It looks like some institution is buying a lot of Puts? or selling a lot of puts? I don't have the detailed data at hand so I can only speculate what it is. What do you guys think is happening here? Is there a signal here that...
Read MoreI woke up this morning to an announcement from CTFC (Commodity Futures Trading Commission) which is the regulator for commidities trading, in which they issues a WARNING to brokers, trading houses et al that Oil prices may go negative again running up to the June Contract expiry on 19th June 2020, which is next Tuesday (today is Thursday 14th May)....
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