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nove issue imo

after that bs 6mm draw it has been getting hammered. Stay tuned for more bearish price action. Looks like everyone ran out of money to buy this garbage.

The way the ICE swaps trade is volume per day. Smallest size is 2500 mmbtu/day whcich is equal to 7.2.5-7.75 nymex sized lots. The ICE swaps are futures look a like swaps. They are strictly financial. Cash settled as opposed to futures which require physical delivery if taken in to expiry...

I am back in bear mode. Don't think I ever came out but I did think they might try to prop it up for a few days at least.

I also work for a shop that trades phys. I am new to the industry though. Phys is more complicated than futures because all you have to worry about with futures is the long/short/cal spread bit. Phys has like eight different ways to trade the same thing. In my noobie opinion. Which...

Anyone bullish now? Short covering rally or something more to it?

I agree with that.... however I don't think sept is a buy.

By WTI futures you mean the ICE Last day swap? That is true. I just think if they expect to move to a new medium they should act as if it is the main one. I clerked at the exchange last summer and I know as soon as word got out that globex was down everyone was bid.

The reason the seat (actually the bundle with the stock) is going down in value is because they lowered the shares from 90,000 to to 75,000 to 60,000. The value of the seat itself is down from 1.1 million to 700k. I think what happened today was somewhat screwed up in that it basically took...