natty contract price Dec 2017 = 3.158 .....Sunday Friday contract price Dec 2017 = 3.118 contract price for Jan 2018 = 3.283
if demand keeps rising how will Contango be affected at these demands will natty Dec contract price fall or keep going upward
natty contract price rolls into Jan 2018 = 3.283 how will roll over be affected if demand stays constant causing futures prices to rise considering colder than normal weather demand for natty
what happens if shorts continue to cover driving Jan and Feb contracts higher
Legacy COT reported Large Spec. 55990 short , Small spec. 21546 Long and Commercial 34334 Long . The net short position of large spec. reduced their short contracts by 23908 contracts from previous week . making it the first time short position was reduced in 5 weeks.
eb n flow of market
we went from 3.00 to 3.30 this time last year not saying we will go to 3.30 where do we land is question
Dec of 2016 the high was 4.00 not saying we get that high we have lot more natty in ground this year compared to last year but think we could go higher this year could we hit 3.70 ish not sure.....depends on winter demands....how cold we get this year
there will be the natural eb n flow of the market cold weeks....then....warm weeks....back to cold weeks play it well folks