3rd Leg Trading

[C C]

WSJ cash price is 2.84

natty futures contracts
Jan....opened...3.032.....close.....3.061
Feb....opened...3.035.....close.....3.063

Jan spread at open was .003
at close the spread is .002

spread lost some......is that bad....?????
gives me concern.....shoulda gone up today
not saying we don't get a bounce
when is question.....do we wait for thursday....????
or Monday


edit.....just noticed

what gives concern is 8 - 14 days out weather.....NOAA
says getting warmer
these temp maps change like I change underwear

6-10 day temp map
http://www.cpc.ncep.noaa.gov/products/predictions/610day/610temp.new.gif

8 - 14 day temp map.....does it get warmer
http://www.cpc.ncep.noaa.gov/products/predictions/814day/814temp.new.gif

shall see Monday opening
will be watching Sunday




cc