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kamakiri

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kamakiri

Re: BOS-MMT post# 2061

Tuesday, 03/21/2017 2:56:02 PM

Tuesday, March 21, 2017 2:56:02 PM

Post# of 5880
Actually, the thing to understand is that the May contract just closed below where it closed at the low last week. $48.35 on 3/14 vs. $48.24 today. The closing prices carry more weight (IMO) than the intraday lows of $47.71 and $47.99 respectively.

Not really concerned with whats in the reports. While play the knee-jerk reactions between API and EIA, the reports don't cause the big moves. Still going lower in the near term. Well hedged if I'm wrong about that.
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