CL question

Discussion in 'Energy Futures' started by tatsimon, Apr 17, 2007.

  1. I am looking at todays chart of CL, both May and June contracts. This might be a silly question, but why are both charts not the same in terms of price mouvement? The May contract seems to be chopping around at 10AM while the June contract was trending down.

    Thanks for any answers.
  2. May is a few days away from its last trading day. Its volume and open interest are diminishing. It's also coming off of a lot of bear-spreading that depressed it relative to the June. There can also be some expiration-related "shenanigans" going on by traders who are capable of manipulating the delivery process. Say goodbye to the May and focus on the June instead.