Suncor's value placed on COSFound it interesting that the value Suncor placed on COS was around the dip we had in March when crude war running around 42 and Brent 53. That happens to be where the 200 day average is on the titten. Most of these good oils are well below that March low except SU , CVE, and a couple others. TOT has moved way above the March low but most are moving back to the March level. CPG has been hit hard and see no reason it does not move back to the 21-27 level as the Brent/crude spread widens back to normal. Seeing lots of green volume the past few days and not unlike the end of August .
Some look at the year chart and see the dip we had to mid October and after a bounce, fell to dec. if this 18.00 downtrend can break we have been on since mid April, shorts will be covering on most oils back to the mid March low.