I placed 4 charts of futures.Feb,March,April and May.

If we look close we see that the further we go in time there is more bottom forming.At the FEB. contract we see today's level is lower or around the previuous low at around DEC 20.

So if months moves in time we see at May the today's price is aaround 2 $ above DEc 20 low.So can we assume the trend is up though slowly but up.

That could explain the contango theory then ?Is that OK?.

I'm looking to Obama's speech right now.The guy has a big charisma to me and a very good speaker and communicator.I must say I like him and I'm sure he will be loved in Europe and elswhere.He could give support to the psycholical idea needed for stock markets like I read in Brian's recent artickle.Hope he succeed in his legacy.