Well yeah true because atm it’s in what’s called ‘backwardation or weak contango ‘(don’t blame me for the term). The futures price is lower than spot. Suggesting the expectation of lower prices into future.
We’ve had several sessions now of rising futures but no stabilisation of spot but continued falling.
Next 2 sessions should even things out. Then maybe some interesting things.
Well yeah true because atm it’s in what’s called ‘backwardation...
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