Trade Alert: Defying contango to bet on a price spike

Posted by JW
Apr 09, 2024

Despite risks associated with supply glut and contango, we note that rig count is down, with production declining and hedge funds reducing their shorts, why we see this as a good risk reward entry point for a bet on a price spike with asymmetric return potential.

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Trade Alert: Defying contango to bet on a price spike

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