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Saturday, June 17, 2017 9:26:43 AM
But I think there'll be very little impact. July contract is trading at 44.74, Aug is trading at around 44.95... giving us .5% (half a percent) contango or 1.5% for 3x leveraged ETN/ETF's....
Markets are uncertain so the futures contracts are at a relatively similar level and the curve is flat.... giving us very low contango. Holding long(er) term is thus dirt cheap.
Looking at the oil chart... I feel very good with my 12.22 UWT's!
Great weekend!
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