|
发表于 2009-2-12 05:20 PM
|
显示全部楼层
HOU will be on April Contract tomorrow. There are several reasons why March contract dropped so big.
1. The overall market is bad.
2. The inventory is too big now and the March delivery is two weeks away, so sell off.
3. When HOU switching its contract, it will sell of its March contract, so this made things worse.
Starting tomorrow, you should see some sense of stable in HOU. And a rebounce should be expected.
1. Market could go up from here.
2. March Contract selling pressure will be less when Ultra ETF stop selling.
3. HOU is on April Contract. OPEC production cuts officailly takes in effect on Feb 28th which will impact on March Production and April Contract.
4. April Contract is at 41$ today, this is relevent low price.
So, overall, you should see a rebounce starting tomorrow or next Monday. Could last for 4 days. |
|