WTI Negative: COVID Era Defies Old Beliefs | Crypto Craft

  • WTI Negative: COVID Era Defies Old Beliefs

    From insights.globalprime.com

    What just happened to Oil? The unthinkable became a reality in the front-month May contract as the price of WTI got slaughtered as low as -$40.00. Producers are at a point where they no longer have sufficient capacity to store all the surplus of Oil, so they’ll pay to get rid off it. Let me show you first, via price bulletins and posted prices, where we stand in the American physical oil market by the close of New York. What once could not be fathomed (read replies), this pandemic keeps both schooling the uneducated and defying old beliefs and paradigms. tweet A picture speaks a thousand words, right? You ... (full story)

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Pipfu
Apr 20, 2020 9:47pm
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Quoting Tony112
I have a serious question right here and I need the real experts. Is it possible for Dow Jones to go negative?
Nah, they'd shut it down first.
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GlobalPrime
Apr 20, 2020 10:46pm
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Quoting Tony112
I have a serious question right here and I need the real experts. Is it possible for Dow Jones to go negative?
It's wasn't even possible to let it drop another 10% from the 2020 lows without the Fed telling us they've becme the ultimate buyers of credit, ETFs, you name it, so as @pipfu says, doubt it...

On a more serious note, since the DOW is not a deliverable instrument, it wouldn't be possible.

Ivan D. Author of the report.
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Tony112
Apr 20, 2020 11:15pm
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Quoting GlobalPrime
{quote} It's wasn't even possible to let it drop another 10% from the 2020 lows without the Fed telling us they've becme the ultimate buyers of credit, ETFs, you name it, so as @pipfu says, doubt it... On a more serious note, since the DOW is not a deliverable instrument, it wouldn't be possible. Ivan D. Author of the report.

What if all companies, contained in Dow became bankrupt or were wiped out of the face of the earth?
I guess I would care more about my life at this point but anything is possible right? Then it would drop to 0.00 but not negative I guess... Unless the Dow is all pumped up with fake cash?
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Tony112
Apr 20, 2020 11:35pm
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Quoting MisterSpread
{quote} Im one of the biggest bears of this year buddy so I really hope it drops to the previous lows and beyond ^^

I'm also a pretty chubby wet bear but with a few scratches though. We'll see where this goes. I have some thick stop-losses on it, just in case.
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MisterSpread
Apr 20, 2020 11:25pm
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Quoting Tony112
{quote} What if all companies, contained in Dow became bankrupt or were wiped out of the face of the earth? I guess I would care more about my life at this point but anything is possible right? Then it would drop to 0.00 but not negative I guess... Unless the Dow is all pumped up with fake cash?
Im one of the biggest bears of this year buddy so I really hope it drops to the previous lows and beyond ^^
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Tony112
Apr 20, 2020 9:41pm
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I have a serious question right here and I need the real experts.

Is it possible for Dow Jones to go negative?
Reply
MisterSpread
Apr 21, 2020 8:57pm
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Quoting FXMasterZero
{quote} Change your profile pic then lol
Good one mate )) , but that was my picture since i created this profile 8 years ago "lol"
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FXMasterZero
Apr 21, 2020 1:21am
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Quoting MisterSpread
{quote} Im one of the biggest bears of this year buddy so I really hope it drops to the previous lows and beyond ^^
Change your profile pic then lol
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Trader#B53A
Apr 20, 2020 10:15pm
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dow cannnot go negative because you cannot take delivery of physical dow.
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Trader#B53A
Apr 20, 2020 10:22pm
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put differently, you can pay someone to take your oil away but you can't pay someone to take your dow futures away
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