On September 25 I wrote a post regarding the spread between Brent Crude Oil and Crude oil (please see the post here:http://theelliottwavesufer.blogspot.com/2011/09/brent-crude-oil-ag-crude-oil.html)
The spread between the two, at that point was at 31.62. The spread peaked at 31.64 and has more or less been declining ever since and is currently trading at 19.46. A decline of 38.45% in one month and one day - Not bad.
As I said then I'm still looking for a decline towards a spread of "only" USD 15.00 (still high...) and problably closer to a zero spread over time, but it took almost a year to rally from zero til 31.64 so to expect anything less, than half a year to revisit zero would be unwise...
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