I have a dream! CL yield curve becoming fair again... it can take months though, with plenty of time decay in the mean time. We had better be...
Why then is NYMEX watching all that manipulation happening before their very eyes (with Saudi's defecting long ago to a fairly priced benchmark)...
Oh, really? They don't care a thing about retail traders or financial longs. Because if they did the simple solution would be to follow the Brent...
Notice also in that chart from Feb 22 that it was possible to leg out of the front month and leg in into the next month at the same price of 94!...
More like the Cushing urban myth. They want you believe that so that you rolled your financial longs at their exorbitant 40% annualized markups....
So you plan paying someone 30 dollars per hour to invest in oil? If you are an investor, do yourself a favor and find something less costly to...
That can be generalized to all time periods, and trading in general. The worst enemy of performance is the "Midas touch" syndrome. Thinking we can...
It is a indeed a bet, that the Cushing monopoly ends (or preferably is ended by NYMEX) sooner than your capital bleeds dry in carry costs. Look at...
They had better make most of it because the good ol' days of cornering the markets and milking them for yield are numbered. You won't get...
Well, +/-3 is the typical spread size (and indeed usually in favor of the superior WTI). We are now 4.5 times that typical spread in the front...
The yield curve for Brent suddenly turned from flat into upwardly sloping yesterday, with around 0.5 pt difference between each consecutive pair...
The Cushing syndrome* explains the contangoed yield curve (the time decay in CL is currently far worse than buying front month vanilla options),...
Except... Volatility is also a commodity:) VIX futures contract did spike 2/3 during a single exceptional day... IMO leverage should not have been...
Brent is 5 pts above its long-term trendline, and it expires earlier, so I think it may give first. Unless Bone orders his followers to chase the...
Always enter on your stop!:) Are you re-entering the spread now that correlation seems to be returning? The heavy contango might be a problem...
Some are doing just that, but not to the front month... Contango front-next just hit $3 (5-10 times recent CL standards). Last time I saw such...
Could you also chart Brent crude oil for us please?
There is also one more source of support for the God forsaken CL. Back then at 140 you did not know in advance that CL would go down those...
Then get on board. I mean not literally of course, only futures can solve their little oversupply problem. Let them earn more for their hard...
Have you heard of the Royal Dutch Shell pair? :) It also had virtually the same underlying asset on both sides... well, in fact precisely the same...
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