The ICE Mar contract gave up 54 points on the first day of the Goldman roll, settling at 75.09 – Mar’s three day skid cost the bulls 182 points. The May contract lost 23 points at 76.14, the net effect leaving the nearby spread weakened noticeably at (105). Volume in Mar was near quickened notably at nearly 36K lots (~85K across all active contracts) while OI in the front month continued to contract at around 138K contracts.
For today,
