FCPO Jun Jul spread, a nice trend.

Have heard from one trader "see no road in the spread", another said "lost big money been "shorting, cutting, shorting higher cutting, shorting even higher, cutting...". One top trader gave a tip on 13/2 "sell the junjul at 10, 11,12 in pyramid, can buy back at 9 when August month contract comes on board, it is a low risk trade".

Goes to show "Those who know don't talk, those who talk don't know". If one trades too much in volume, one will fail to see the trend because one is too engrossed in the excitement to churn big volume.