"Just keep both months up. When you see the volume flip from one month to the next, you just follow along." I missed reading your earlier post.
simply check the volume of next few contracts CLV20 CLX20 CLZ20 CLF21 Choose the one with the greatest volume. do not assume the next contract to trade will be CLX20. It might be CLZ20.
FALSE CL is not like GC. CL volume flows to consecutive months very nicely. I have yet to see a month skipped.
FALSE FALSE CLZ20 volume might be higher than CLX20. anyway, when CLV20 starts to be relatively low, review which contract has the highest volume.
From last night to tonight's muted trading session. CLZ20 has traded almost 4000 more contracts than CLX20. The quarterly's often have higher volume than the in between serials. That especially true for options volume. But I think that CLX20 becomes the dominant contract as CLV20 rolls off.
That is referring to a one-off situation which has very little chance of happening again. Besides, that sort of scenario will only impact swing/spread traders. Day traders don't have that problem, yeah?
For twelve years now, I’ve been telling clients to stay away from the front two or three months in Crude, Nat Gas, and Refined Products because the roll is so unpredictable and difficult to model.