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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Jon Koplik who wrote (7791)	5/11/2007 9:55:36 AM
From: Jon Koplik	Read Replies (1) of 33421

Time to "roll" oil futures / lose $1.70 in a single month (over $20.00 per barrel, if annualized). futuresource.com futuresource.com CNBC mentioned that participants in crude oil futures are starting to roll forward their positions right around today. (the "Goldman roll") (as in Goldman Sachs, the people who convinced everyone to all "get rich" in a strategy that LOST 25% last year) (see message I am replying to). If you look at the open interest figures in the second link (above), it does appear that the switch from June crude oil futures to July crude oil futures is indeed taking place right now, so -- goodbye, $1.70 per barrel ... Jon.

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