dec/dec and wti/brent both failed at Weekly Aups this morning. i'm more confident in the dec/dec actually having follow through though. i'm hearing most physical oil traders think arb is going to -3.00
Kinggy, if you'll allow me to "pull a Maverick" here, I'll be able to give more than just a one or two line response this weekend. Swamped here at the moment
Natty gas bumping up against Monthly Aup already. H/J and V/F spreads already trading above their Aups
How did you test you hypothesis? Or is it just an opinion? Some time ago I checked and if I remember correctly first two days of the month were high or low of the month about 40% of the time.
Hoop, do you track the RBHO spread? Its taking a beating today and my model is still not upto speed with any spreads. Do you mind sharing your thoughts on RBHO if you track it?