https://rbnenergy.com/the-downward-spiral-why-the-recent-crude-price-collapse-was-unusually-severe This is a great article if you guys want to learn about what's going on fundamentally with crude especially as it pertains to the forward curve. You're welcome in advance.
Number lines are firming up and we might start establishing some ranges here. Oil and natty firming as well. Vol indicator cooling off. The financials look completely awful. XLE is a running joke. But tech is looking decent here and the overall market sans energy is stabilizing. Obviously the Fed can change this a lot this week and if we start to see those energy bankruptcies a lot can change but we still might be a few months away from those.
we are long some heating oil cracks for the first time since October here. have upside calls in crude owned against a portion of it.