Sexythang - yes. And SXY are hedged and it shouldn't make any difference until POO is outside the $55-60 range. On the other hand a picture tells a thousand words...
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So I'm all for 5-10 bagging on the gas. But in the meantime, I'm also all for Pierre Andurand forecasting US$70 POO this year and BTW he was talking about WTI.
SXY Chart, page-207
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