Hi all, I understand the principle and practice of auto rollover from one expiring contract to another. But...
At the time of rollover of brent oil Sept to Oct at 21:18 on the 27th July 22 the prices used were as follows. These are the actual closed/ open prices used by IG on my spread bet account
Sept 10665
Oct 10165
But at that 21:18 point Oct futures was showing a price of around 10245.
So instantly I'm down. Ignoring the spreads.
I was told you don't loose out due to a rollover Ignoring spread but how can that be based on the above were did 10165 oct opening come from when showing 10245 at that exact time.
Anyone please
M