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CoQLwB-VYAAP5so.jpg
Calendar spread on WTI CLZ16 - CLZ17.
This explains XLE and the overall market holding up as crude slides: market doesn't believe the current dip will last.
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Calendar spread on WTI CLZ16 - CLZ17.
This explains XLE and the overall market holding up as crude slides: market doesn't believe the current dip will last.
Only my opinion! 7/26/16