I look at the actual spread, in this case NV. Statistically there seems to be more reliability looking at nearby spreads. We want want to consider the most active nearbys. In this case, we seem to have a triangle type formation; so stay tuned for the breakout of formation.....no backwardation, no bull market in consumable commodities. The OBV is quite constructive for a change and the small trader has thrown in the towel, with a negative bias which is quite understandable. OI getting quite high, most bets have been placed; a potentially explosive situation. Of course, got to hold the Jan low for fireworks. CO