Browse Stacks: Trading Instruments: Commodities: 5 nov7.PNG

5 nov7.PNG


What is your opinion of this chart. What should it be telling me? Thanks 11/7/17
The market looking 3y forward is way more pessimistic about the current rally than he was on the last one a year ago (@ that time the market was looking 4 years forward) 
Multiple interpretations possible, bearish if you look in the rear view mirror, bullish if you take the contrarian view and bet that this expiration is undervalued, that there's potential to go higher if the market is wrong. 
My opinion is bearish 11/7/17