Stock Market crash - 2020

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  • NewLeb

    NewLeb

    New Member
    You’d think that with all the abysmal job numbers and economic reports, this would be much further down. But no, it’s doing what we suspected it to do, which is consolidate in the ~23,000 region, before forming a new uptrend.

    Of course, it can always go back to 18,000, but probability speaking, it just doesn’t look like it. Tomorrow should be interesting;

    1CDCFBB7-14DC-441E-B10F-6293B2AA5F9A.jpeg
     
    Mrsrx

    Mrsrx

    Somehow a Member
    Staff member

    Earnings season is starting ...some big ones this week

     
    TayyarBeino

    TayyarBeino

    Legendary Member
    Crude Oil May 20 (CL=F)
    NY Mercantile - NY Mercantile Delayed Price. Currency in USD
    Add to watchlist

    1.9300-16.3400 (-89.44%)
    As of 1:42PM EDT. Market open.
    +++
     
    Last edited:
    Raficoo

    Raficoo

    Well-Known Member
    It actually went down to a single cent($0.01) for a moment, what crazy times we're living in
    1 cent.png
     
    TayyarBeino

    TayyarBeino

    Legendary Member
    21:15
    العربية: العقود الآجلة للخام الأميركي تنهار إلى ناقص 3.70 دولار للبرميل

    21:14
    رويترز: للمرة الأولى على الإطلاق البائعون يضطرون أن يدفعوا للمشترين لأخذ عقود آجلة للنفط

    21:06
    وهاب عبر "تويتر": فنجان القهوة أغلى من برميل النفط لا شك نشهد إنهياراً إقتصادياً تاريخياً قد يؤدي لحروب كبرى الله يستر
     
    TayyarBeino

    TayyarBeino

    Legendary Member
    option expiration is tomorrow..another reason...
    @LBCI_NEWS·
    7s

    العقود الآجلة للنفط الأميركي لأقرب استحقاق تزيد خسائرها إلى 147 في المئة عند -8.60 دولار للبرميل
     
    Last edited:
    Joe tayyar

    Joe tayyar

    Legendary Member
    Orange Room Supporter
    Sar - 40 lol

    but any way this is may contract, june contract is still 23 $.

    its about the low demand and storage, so all are dumping coz the buyers dont want to receive delivery
     
    loubnaniTO

    loubnaniTO

    Legendary Member
    Staff member
    Super Penguin
    Sar - 40 lol

    but any way this is may contract, june contract is still 23 $.

    its about the low demand and storage, so all are dumping coz the buyers dont want to receive delivery
    it will be awesome if you stop at a gas station, and the gas pump dispenses money after you fill up your tank, just like an ATM machine :lol: :lol: :lol:
    yes as you said, it is storage costs, and dwindling demand, making it very costly to even store it.
    Thank you KSA and Russia for this mess.. you couldn't have picked a better timing. Let's see how this will impact the industry and the market as a whole.
     
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