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Strategies & Market Trends : The Ego Forum

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From: hubris333/19/2013 11:08:06 AM
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POG & COT this week.............. ........................ ......................

I am exercising a bit of caution in looking at COT this week. Next week is the week where one has to get out of the Apr contract or stand and potentially deliver. {get called} So this week should be a bit volatile as Apr OI is closed as that can lead to some downward pressure. Who knows if there is enough fear premium built in the markets to keep buyers coming in and POG up? Volatility this week as Apr wanes and Jun takes the leadership position.

Yesterday we saw, OA OI drop -3531 on the rise in POG of $12. That on a drop of -11.6K Apr Oi and only an add of 6.6K OI on Jun. That and volume on the Apr contract was just about equal to OI! What does that tell you about the volatility in the markets and "traders" participation?

Apr OI @ 176.9K and Jun OI @ 136.7K, 40K difference...at 18K/day 'shift'.....
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