Man, you need to be ahead of the curve. Also look at CL today. It fell off the cliff. Didn't I say yesterday that the selloff would "roll over" from May into June?
We're heading down to 2640, which happens to coincide with 38.2%. If not by today, surely by tomorrow.
Guess it's true that front month will always match spot price at expiration. May CL contract has rallied back to almost spot price now.
When WTI June held 11.00 level recently, it immediately jumped $1.00 to $12.00 within a minute. Now that's volatility !