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Tuesday, April 21, 2020

Market Will Decline Soon - Oil Is An Example of What’s To Come


One Option Trading Blog https://ift.tt/2XSU29L Posted 9:30 AM ET - In the last two weeks the market has been in a fairly tight trading range. The tiny bodied candles are a sign that the rally is running out of steam. Oil prices have dropped to historic lows and the May contract is in negative territory. Producers have to pay to have the oil taken away in an effort to prevent capping the wells. This is only one example of what's to come. The Coronavirus shut down will have any far-reaching consequences. Buyers will remain engaged while mega tech stocks report earnings, but I sense that the …

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