RE:RE:RE:Gas off 5 cents, why is HND almost even???1crisis,
It is not always the next month delivery, it is a blend of next month and the next month after that. The prouct is a little different than the inception product. It blends faster and sooner to the two months out than it did before.
So once you get past the first week of each month you are really starting to bet on what it is going to do two months out.
This prevents the wild mid of month massive moves in fund valuation it used to get when it was in rolling over period if a big move up or down was taking place over the previous 8 day roll over.
With blending to two months out starting you will still notice these non-movements days when the price moves on the two months out is way less than the next month movement.
Also there are super computers watching the weather super computers forecasts two months and three months out and moving money in NG futures.
EIA storage number effects computers to an accurate tradable price at 10:30:01am every Thursday. by comparing Storage to HDD and CDD instantly and projecting forward.
You are playing against them, that is why it sometimes goes against what humans think would be logical. They can see patterns that you cannot percieve as you don't have the time to crunch all the things they see.
Watson was pretty good on Jeopardy.
How do you think that Google can come up with 2,000,000 web page references in a couple of milliseconds searching the entire web to something you looking for ?