Spank me once but not twice
Jumped into the etf environment a little to quick without knowing how the game is played ($7.40 to 10 got out and bought at 7 and dumped at 5.50). Thank you to the many informative posters here. I got a little lucky and didn't get killed. Bought the close today on a roll the dice gamble.
Future prices seem to have come in line assuming spot doesn;t drop to $25. Not sure when it will turn but is has to. The further oil falls, the higher the sling shot effect will be on the updside IMO. Maybe we go from surplus to shortage. Who knows. The economy is wacked searching for a bottom in a bottomless pit. All I know is taps are going to turn off with oil sub $40 and more and more exploration of new will be postponed
As I've begun tracking the various futures price I've only been seeing the downside. Any experts comments on benchmarking futures price relative to spot? Also, does rollover to the next contract occur the same period everymonth?
Lastly where does one track the NAVPS is it publicly availble?