Amius Sugar Market Commentary – 20th April 2020

The simple answer: The Crude Oil is not going to trade negative forever and the world is not experiencing Doomsday. The reason is quite simple- the Open Interest in CLK20 with 3 days left was ASTRONOMICAL compared to other expiries. Example- CLJ20 and CLH20 were 65k and 49.5k respectively. The point is that we went