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Why Are Commodities Crashing? | Tracy Shuchart
Forward Guidance
The Spreads Have Remained Tight, Which Is Quite Interesting
Tracy: Why has the price of oil gone from a hundred 20 to 96? Well, again, russian risk premium taken out of the market. But also we have to look at open interest. Open interest is on a huge decline right now. There's thet liquidity is very low. It's very easily pushed around. That said, that's why i always trust, go look at the calendar spreads. And then if you're looking at, you know, ners, then you want to look at the three, two one crack spreads.
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