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sorry, mine badly written. there is actually 2 legs of trades. below is just an example on ICE Brent On 1st Mar Sold Apr @ 118.15 Bought May @ 117.25 On 15th Mar Bought Apr @ 109.47 Sold May @ 109.34 For Apr, the gain is 8.68 For May, loss is -7.91 now the diff is 0.77, n that...

Hi, Been confused on the calender spread. a oil trader told me once that short the spread (ie short near month and long the deferred month), during the backwardation with strong fundamental and getting stronger the near month will drop further. thus making profit out of it. anyone can...