02-19-2016 07:50 AM
Has in fact now slipped to a new low on the daily chart around 1.83. Only support I find is the continuation low from a couple months ago at 1.684.
I don't know that market well (let me tell you about the ones I do, lol) and don't have a clue about anyone's contract and pricing situation.
But it is very cheap by most any measure and even looks pretty darn cheap out a year or two with the contango built in- getting down near 2 for this summer.