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there's an enbridge pipeline north of cushing that was put into emergency maintenance late yesterday due to a 10-16 gallon spillage. it's not much, but the fees can be huge. trades are speculating that is what bid up the flat price and cash roll this morning. but they also think it's a good...

yeah, no kidding. what the f was that...

http://www.finalternatives.com/node/31481

Industry chatter is that Andy Hall has tapped out as well...

Fwiw, flat price monthly Adown is 43.24. We hit 43.35 when globex opened Sunday at 17:00 CST and rallied ever since with a failed Adown at market open. Fade and go? :)

Alright, so consensus of two traders is that flat price is getting bid up as a result of the front spread selling off. Macro guys thinking they are front running refiners thinking they will be coming in soon to lock in this .65 cents. They both agree this rally is a sell

ES with a perfect failed monthly Adown on Friday. As far as oil goes, Sep/Oct selling off hard. Cushing is almost full so the people bidding this thing up two weeks ago are liquidating because they can't store. Some traders thinking we are going super contango w/ flat price hitting 3 handle...

welp, maybe not...

Front spread closed at my Monthly Adown today. Of the 4 markets that I look at (flat price, front spread, z/z, WTI/Brent) this one has been the strongest relative to the others. So, if you're wanting to try and pick a bottom in oil. Buying Sep and selling Oct would be a decent way to do it, imo.

friday's are always funky, imo. could be profit taking before the weekend but i did have perfect failed Aups in flat price and dec/dec so far

i don't at the moment, apologies.

about $1.00 lower with a -30 on my 30 day number line

both followed through today

WTI/Brent just completed the Weekly range. from Aup to Adown in two days.

both followed through pretty nicely. each about .15 off Weekly Adowns right now

Natty gas bumping up against Monthly Aup already. H/J and V/F spreads already trading above their Aups

dec/dec and wti/brent both failed at Weekly Aups this morning. i'm more confident in the dec/dec actually having follow through though. i'm hearing most physical oil traders think arb is going to -3.00

i actually got a WAu confirm on CL. The Dec/Dec has failed so far though. And my positive number line confirmation on the Sep/Oct has proven to be true thus far as well as we are .18 off the lows. I'm looking forward to the new monthly levels next week. I'm hoping the arb is in a good place to...

I'm -24, but my time spread confirmed positive last week. And we've seen some strength there relative to the flat price.

agreed, whatever you do, take great notes. and categorize them so you can filter back through them easily. that will prevent you from asking the same questions that have already been asked 1000x.