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| When natty bottomed at 1.68 it would be like crude bottoming at 16.80.
Historical ratio is 10:1-8:1. It has been distorted the past 8 years while crude stayed high to bring new production on.
Same thing happened in the late 70's to early 80's until 1986 when oil came back to reality.
The ratio is now in the process of coming back into historical norms.
Even with natty at 2.40=24 crude.
Be patient, this aint gonna be no long term V bottom in crude anyway.
Edited by OSUBucks 1/7/2016 11:23
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Crude oil has bottomed
