Storage is a good indicator of the intermediary commercial, and does look quite dismal. I would only suggest to not forget the origin producer, who will adjust to the market envirnoment. He has, and has steadily reduced product extraction, if not entirely ceased operation. Some will not be able to resume operations should increasing demand resurface, being badly damaged. Sourcing is soon near decade+ lows. Pressing the downside is fraught with risk. Remember this is the futures market, not the now market. Commercials, although not quite extreme longwise, are riding the high end of their range. The time to sell was 08, not now, this one has been bled dry. CO