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Energies


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Energies

  #11 (permalink)
 
Kruger's Avatar
 Kruger 
Cape Town South Africa
 
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myrrdin View Post
I still hold the positions mentioned above. Both trades usually move upwards at least until some time in March.

I added the NGX-NGK some time ago. This trade also is a suggestion of MRCI. The trade often is profitable until the second half of March.

Best regards, Myrrdin

I exited the NGN-NGJ spread prematurely on 12 Feb at 0,115. Still made a profit but with hindsight should have held on.

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  #12 (permalink)
 myrrdin 
Linz Austria
 
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Kruger View Post
I exited the NGN-NGJ spread prematurely on 12 Feb at 0,115. Still made a profit but with hindsight should have held on.

It is interesting to note that the NGN-NGJ spread never had its Best Equity Amount between 10th of February and 1st of March in the most recent 15 years. As in 2018 the best equity amount did not occur before the 11th of February, I intend to stay in the trade for some more time.

Best regards, Myrrdin

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  #13 (permalink)
 
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 SMCJB 
Houston TX
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myrrdin View Post
I currently hold the following positions:

RBN - HON

Interesting John Kemp article on Gasoline & Diesel, Supply & Demand...

Reuters/Kemp : U.S. refiners turn to export markets as gasoline growth slows at home

https://www.reuters.com/article/us-oil-prices-kemp/u-s-refiners-turn-to-export-markets-as-gasoline-growth-slows-at-home-kemp-idUSKCN1G42ES

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  #14 (permalink)
 myrrdin 
Linz Austria
 
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I currently hold the following positions in the energies:

Long CLZ P70.
I intend to hold this position longterm for seasonal reasons and as a hedge for long stock positions.

RBG-HOG.
I intend to hold this position longterm for seasonal reasons. Entered early because of the forecast of El Nino.

NGK9-NGX8.
I intend to hold this position longterm for seasonal reasons. Entered early because of the forecast of El Nino.

Best regards, Myrrdin

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  #15 (permalink)
classtype
Kolumbia
 
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How does gasoil trade these days?
i havent touched the product since it changed the specs of the underlying a couple of years ago.

anyone?

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  #16 (permalink)
 myrrdin 
Linz Austria
 
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classtype View Post
How does gasoil trade these days?
i havent touched the product since it changed the specs of the underlying a couple of years ago.

anyone?

I never traded gasoil.

Best regards, Myrrdin

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  #17 (permalink)
zxcv64
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classtype View Post
How does gasoil trade these days?
i havent touched the product since it changed the specs of the underlying a couple of years ago.

anyone?


I traded the GOU18-GOZ18 spread recently, opening on 12-Jul and closing on 13-Aug, capturing a 7 point move. The seasonailty
chart at this time of the year looks good.

The spread had a low margin of around $260/contract, giving a very healthy rate of return.

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  #18 (permalink)
classtype
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zxcv64 View Post
I traded the GOU18-GOZ18 spread recently, opening on 12-Jul and closing on 13-Aug, capturing a 7 point move. The seasonailty
chart at this time of the year looks good.

The spread had a low margin of around $260/contract, giving a very healthy rate of return.

Sweet,
it seems like it has good volume, do you scalp in and out of your core position or just hold the spread for a month?

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  #19 (permalink)
zxcv64
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classtype View Post
Sweet,
it seems like it has good volume, do you scalp in and out of your core position or just hold the spread for a month?

Apologies for the late reply. No, I'm not a scalper, but more a "few days to a few months" holder of trades. Personally,
I like trades that have a life-span of about a month.

NG

Given the recent spike, I see that some of the NG calendar spreads are looking interesting. This week, I opened the
NGZ8-NGK9 spread, which should come down in value over the next month from a technical and seasonal point of view. Will need to keep a close eye on fundamentals of course.

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  #20 (permalink)
 
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 SMCJB 
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zxcv64 View Post
Will need to keep a close eye on fundamentals of course.

Yes you will. Watch the long term weather forecasts! NG is a different animal than it was 10-15 years ago when March-April would go to some really crazy prices, but this is still a very asymmetrical trade.

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Last Updated on December 11, 2020


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