WTI Price Analysis: 100-SMA tests bears below $116.00
WTI Price Analysis: 100-SMA tests bears below $116.00 15 June 2022, 01:49 •WTI remains pressured around weekly low after breaking short-term key support lines. •Downbeat RSI (14), not oversold, keeps oil bears hopeful. •Clear downside break of $115.00 will confirm a ‘double top’ formation, which could facilitate further declines. •Bulls remain cautious until witnessing a […]
The Day Oil Went Negative, These Unlikely Traders Made $660 Million
On April 20, 2020, a group of nine traders in London’s commodities markets, including a man known as Cuddles, made a profit of $660 million in just a few hours. This feat was made possible due to the crash of oil prices, which temporarily went negative. The traders were able to capitalize on this unusual […]