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2.81% $19.36 betashares crude oil index etf-currency hedged (synthetic)

why do some people think crude is going down to $10.Correct me...

  1. thebeautifulstyle
    3,622 Posts.
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    20/04/20
    11:42
    Post #: 44138696
    why do some people think crude is going down to $10.

    Correct me if Im wrong, but Saudi and Russia
    the cheapest cost producers produce oil at $15 cost.

    I dont have to state the obvious do I?

    So forget the Futures for a minute and pls somebody explain to me why?

    thanks in advance
    OOO Price at posting: $19.36 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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