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What to Do Next After Our Unthinkable Oil Profits?
From the unimaginable lows, crude oil is shaking off the dust. Moving higher, can it rise like a phoenix? Before moving to the technical part of today's analysis, it seems that a quote from yesterday's Oil Trading Alert would be appropriate: Crude oil was just trading below 0. Well, not completely, but the nearest futures contract was trading below 0 for the first time ever. In case you missed it, here's the screenshot from finance.yahoo.com and yesterday's price quote as it was falling. Crude oil was just trading below 0. Well, not completely, but the nearest futures contract was trading below 0 for the first time ... (full story)