Rbob Provides Reality Check
Not much of a bounce, and clearly a drag on the WTI. It did clear a .382 retrace of that last leg down but not for long.
With rising unemployment, foreclosures and bankruptcies it will be interesting to see how demand holds up. And yes, it is in contango.
With rising unemployment, foreclosures and bankruptcies it will be interesting to see how demand holds up. And yes, it is in contango.
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