Well, how did oil do today (CL - Tuesday July 22, 2008)? Previous close to todays close, down 340 on the new front month
This is what the mo-fo (U8 contract) did from open to close: down 169, up 108, down 65, up 89, down 70, up 58, down 172, up 112, down 84, up 95, down 53, up 235, down 119...