Futures PX50

Both futures series (PXHM7 and PXHU7) for czech index PX50 are mostly used for hedging long stock positions. Therefore there is obvious backwarding.

Today's contract gains are around 2% even thought PX50 gained only a little bit, 0.11%. This has been caused low volume.

Tomorrow I expect (also becauso of negative trading in US) index to go down and I see short those futures as a good opportunity.

On the picture you see last 10 days.