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[RT] FUTR: Energies



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May be another short term aberration... and coincidental to the 10s-30s
spread turning - and staying - negative...

a/ HO exceeds HU in price by 4 full cents (when was the last time we saw
that? so much for global warming etc etc) even as both products make
consistent new highs.

b/ CL continues to make new highs (I guess the Y2K "gimme" short trade went
the way of the Mahnattan Fudge Fund's Dot Com charts, if the record open
interest in CL is to be believed)

c/ Intermonth spreads start accelerating their front month premium as
physical market continues reporting shortages and somebody big (and short HO
v/s HU) finally throws in the towel in the last 5 minutes of trading
yesterday (1/19) and that follows through today. Big shot = Big Short = Big
Shot...

Gitanshu