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RBOB continued weakness will result in WTI selling off

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Dec 3 2019

On Nov 29 WTI reached $58.30 as its high. RBOB hit $1.71. RBOB has since pulled back 8.4% to 1.56. This will be the third week in a row that RBOB reports a build. 8.4% off of 58.30 is 53.40. WTI headed that way as long as RBOB continues to sell-off. Closed at 56.38 today. Expecting 54s by this Friday.

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