The confluence of near-term spot price stability and rising term prices (despite low volume) is the most bullish indicator possible because it demonstrates supply-demand tightness: demand destruction would cause both spot and term to fall together; simultaneous rise of term on flat spot indicates producer strength and structural shortage.
causalpending
Speaker
Justin HueneEvidence Quote
“the price of the long-term Contracting moving up during a low volume year is probably the most bullish thing I can possibly imagine so when you see demand step away and the price Rises that's look this is not complicated this is Commodities investing 101”
Created: 8/12/2026, 6:10:18 PM
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