A miserable mistake--without stop!

03/10/09 recap

3/6/09 recap

Today's trade on CL

Today, Front month crude rises about 11%, while most back month contracts have a moderate deline (2% for April and May). This is mainly due to contango trade covering before the long weekend prior to delivery week. If the short covering (March contract)is done, we should expect a moderate widening or no change of the contango into next week.



CL spread 03-05

CL spread 03-04



2-11-2009

GE: warned on their 2008 outlook Friday, which sent the market down more than 2%, but volume didn't increase.