ES Journal - 2019/2020

If I may ask, how did you get 39? Were you sitting on it? Nice entry.

 

See if it's more aggressive at the upper TL than it was at the lower

 

If it were that easy. Sadly, contango arises out of desperation.

 

Thanks Darth. So why would someone pay $7 more for June oil when they can't unload it as there's no were to put it ? Also Spy wizard does June oil premium erode as it gets closer to may expiration?

 

Schizo, this is getting too tight for even you

 

Long 32

SL 29

 

Of course. Contract prices move towards spot as we get to expiration.

 

Because they need it in June

No. It's at a huge premium for a reason. Market has no place to store May delivery. It expects to have either use for it or place to store it come June

 

-3

 

It does not. Please don't take your understanding of a market like ES with financial settlement and apply it to CL with physical settlement.

Edit: I will shut up. This a ES thread, not CL