Thursday, May 10, 2007

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.


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