Why Carry Matters More Than Direction for Spread Traders

Written on 06/13/2026
Darren Carlat

Seasonality and direction often receive the most attention, but carry may be the most important factor influencing spread behavior. Learn how the forward curve creates natural tailwinds and headwinds that can dramatically impact trade outcomes.Crude Oil pumpjack at sunset by Zbynek Burival via Unsplash
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