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THO1! trade ideas

simple crack Tradehere is my next Idea I will share, just waiting for the price of this pair to migrate into the purple colored area, after it does, will take the trade when is leaves this area back to the middle of the chart. if we come out of the bottom back towards the middle will be going long RB contract with 30 plus days to end of contract term, and shorting the CL contract of same time duration of the RB. I will do this pair in a 1 to 1 ratio, even though the RB contract is $20,00 approx higher notional value, it should track pretty good. Caution: cash intensive trade and can see large draw down as we wait for it to work, so only use cash that you can afford to tie up for a long time, and be wearing your big person pants!!
NYMEX:RB1!
by alleytrader
Pullback Due for RBOB Gas?Gasoline has seen a crazy rally in the first six weeks of 2015, after a record number of daily declines; but, considering the continued oversupply in both crude and gasoline inventories, RBOB could look to pullback. No longer in an oversold condition on the daily chart, gas has been unable to close above $1.6192, as well as a minor descending trend line. So far, price action has been able to find support on the 23 percent Fib. from the recent bottom to rally top. If gas cannot exceed and breakout of the descending trend line, I look for gas to retest $1.46 before moving lower to $1.423. According to EIA data, gasoline inventories are well above the 5-year average and have been since late fall. The next few months typically see less demand for gas due to seasonality, and I am uncertain whether or not demand will greatly pick up heading into summer. In the near-term, I expect prices to remain low. Although, a breakout from resistance could send prices to $1.680.
NYMEX:RB1!
by CommoditiesTrader