CME BASIS IS COMPRESSING, AND THE CURVE IS FLATTENING. HOWEVER, UNLIKE THE 2018 AND 2022 BOTTOMS, IT REMAINS POSITIVE WITH NO BACKWARDATION. STRESS IS BUILDING, NOT CAPITULATION. #CME #Commodities #Futures #MarketAnalysis #Trading #Finance
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CME BASIS IS COMPRESSING, AND THE CURVE IS FLATTENING. HOWEVER, UNLIKE THE 2018 AND 2022 BOTTOMS, IT REMAINS POSITIVE WITH NO BACKWARDATION. STRESS IS BUILDING, NOT CAPITULATION. #CME #Commodities #Futures #MarketAnalysis #Trading #Finance