Daily

The market's focus must be on the sharp drop in oil prices, which for the first time ever ended negative, at as low as $40 a barrel, shocking the market.

Under the outbreak of COVID 19, the industrial contraction also brought an unprecedented impact on energy enterprises. The demand dropped, but the excess capacity led to the "bursting" of crude oil inventories.

Petition "upside down" for the removal of crude oil, negative value that is to subsidize the cost of freight and so on for sale.

Another reason for the plunge is that monthly oil contracts need to be rolled over. After they expire, oil contracts need to be settled at the closing price.

June oil should be hovering around $20, but may oil has fallen sharply on the back of mandatory rollover, while spot and June oil have not kept pace.

At one point, U.S. stocks fell on worries, and money supported gold's return to $1,702, but the upside failed to stabilize.

If there is an opportunity to go back to the low, can consider the following bargain hunting.

For detailed analysis and Suggestions, please CLICK the link below to enter the group and contact the administrator
https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0