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bald bastard's avatar

great example of contango(decay) nat gas. look the UNG and Boil 2x nat gas it takes long positions using derivatives. Regardles Crudes been trading as of lats between 73-78 dollar range. Will it break out? of course but only after "they" allow it. Knowledge is power. Its a casino.

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Ol Hickory's avatar

Great explanation Greg, makes a lot of sense. I think another sign of this is that most oil stocks have fallen less than the actual oil spot price, which indicates that traders don’t think the spot price will remain this low long term

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