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Thursday, November 28, 2019 11:30:01 AM
Below is the Big Ole Knarly OCT/NOV Contango Chart roll gap. Anyone want to put odds on whether that closes in the next few days. The bottom of the gap is actually $2.3ish the price of NG moved up after the settlement on Oct 24th then the gap formed with the chart roll. If NG closes that gap it will be a 8% decline from $2.5 which would be a 24% plus bleed decline in UGAZ about $3 haircut making UGAZ $9.
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