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!!
The widow maker spread RB-HOShort RBZ2016 long HOZ2016. Last year the price of RBOB rise relative to the price of HO. Refineries switched to produce more RBOB compared to HO we are now seeing weakness in RBOB compared to HO due to over supply. Looking for $-0.3
As described by traders in industry trade is the widow maker because of the volatility within it.
june rbob, double top??After yesterdays ugly finish, Rbob has staged a late evening rally to close out within two pips of the high set yesterday. In an ideal world we would have closed over this. Need to see higher numbers tomorrow or the risk of a double top comes into play.
Macd/Rsi/Stoch all tell us that this level should be taken out tomorrow and higher numbers to come
jun rbob fails the highbit of an ugly finish to the day for june rbob, ugly looking candle, and a failure to close above the april high of 1.6180. uptrend is still intact, but price action could be turning. need to see what tomorrow brings
june rbob updatedHas had its first run at the recent April highs, breached it for small period but currently back under. Needs to close above 16180 to take the oil complex higher
Technicals are all showing tho the odds are good on it happening
jun rbob needs watching - could dampen the oil rallywhilst Brent and wti have taken out the important resistance levels, Rbob is lagging, which given we are approaching peak demand season is somewhat of a concern
looking for jun rbob to break 1.6180 to give signal that whole complex can take a further step higher
june rbob breaks the upchannelpretty horrific close for june rbob - serious trendline failure and surely targets now 1.41
Buy RBN2016 at 1,5058, with Stop at 1,3720 and Target at 1,6970RBN2016 is in uptrend and made pullback to the uptrend.
RB setting up for shortingI'm waiting for confirmation bar to entry a short position. Negative indications are starting to appear.
Gasoline crack spreadAnyone trades these? Curious on seasonality summer driving ahead, any opinions? $CL_F $RB_F $USO
Gasoline RBOB - intraday trade Energy sector on the way up. Hourly chart showing an interesting coil. Buy at breakout today 04March15 and close by the end of the day or at specified target. Tight stop.Risk/Reward 2.18.
Gasoline is pulling back to break point"Rickshaw man" reversal candle appeared on monthly time frame right at the target of broken down Ascending triangle.
Price can pullback to break point at $2.5 level.
It's healthy move and technically good to watch where the pullback stalls.....then if stopped at or below triangle's support just short it!
Lucky and intelligent trades - put stops!
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 $1.680.
Gasoline RBOBRBU2014 - The energy sector is showing strenght. RBOB double bottom with reversal bar today 13 Aug 2014. This could be a long term bottom. Crude and heating oil show similar patterns. The terget could be revised depending on the development.
Watch RBOB Gas over 2.76$RB_F Break over that level could signal further strength in Crude Oil $CL_F
Continue to monitor RBOB gasoline.$RB_F $USO Its about 8% off its low ticks from early Nov. Could be a tell for crude oil..
