9/5/17 was down -$0.82 and the model projects the component on yesterday's kill will decline between -0.85 and -1.15. The index is still trending down hill. The VVVs are trading discount to the component by -7.15. The model calculates that the component will need to drop an average of -29.5 cents per day to close that "Gap". Over the past 14-days it has dropped and average of 89.4 cents per day. I just might be that most of the "Gap" closing will be brought about by a decline in the Index.

Still just a tiny bit short the VVVs and trying to scalp a little as prices move up and down. Mostly from the short side because I think producers are a little behind in their shipments.

Best wishes,

dhm