ES Journal - 2019/2020

CL found some buyers

 

Perhaps after news got out that USO is divesting from Jun contracts, selling abated?

 

June took out the 12.80 resist up to 13.97...maybe B1's bottom is in?

 

To be honest, I never really think of B1's bottom.

Jokes apart, I don't see how Jun contract evades the same fate as May contract given the same storage issues still persists

 

B1's bottom is about $6500/contract higher than the current market.

 

haha - yeah, a little early perhaps..who knows if the last of the longs were flushed yet?

 

What bottom are you speaking of for B1? B1 was buying the cl 4 weeks ago when the may contract was $22 and the June contract was $33. He lost 60% of his money.

 

The Izzy Bottom looking real good.

 

What bottom are you speaking of for B1? B1 was buying the cl 4 weeks ago when the may contract was $22 and the June contract was $33. He lost 60% of his money.

 

I'll let him speak for self, I thought he went out to fall/winter deliveries, maybe not 60%..