TA and Forward contracts?

[spearchew]

Hi,

Attempting to apply TA to iron ore swap forward contract , +1Month.
Would it be incorrect to create a chart showing the price of +1M contract over the last year?

The reason I feel it may be wrong is thus:
As of today, +1Month = June contract
As of April 15th, +1Month = May contract
As of March 15th, +1Month = April contract etc etc

Therefore, plotting +1Month for a full year would nullify attempts to apply TA, because each time the contract rolls over, the chart essentially goes from displaying "pears" to "apples" to "bananas" etc etc

Anyone have any idea what I'm talking about here? I'm not sure I do heh.

Cheers

 

[Martinghoul]

It's not exactly pears and apples. You're just looking at the rolling fwd, which is quite common.

 

[shadowninja]

Wouldn't the simplest way be to compare the charts?