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RBOB Gasoline Jan-May21 Spread


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RBOB Gasoline Jan-May21 Spread

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Kruger's Avatar
 Kruger 
Cape Town South Africa
 
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Yesterday I entered RBF21-RBK21 at -1560. (i.e Sold RBF and bought RBK)
The season according to MRCI is from 30 Sep to 06 Dec. In the last 5 years the exit price ranged between -19.17 to -28.48 at 06 Dec.

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 SMCJB 
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Very interesting. I suspect Gasoline demand comes under pressure again in the next three months as virus fears and prevention measures increase again. (NY just announced schools closing again and going online effective this weekend!).

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 myrrdin 
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Kruger View Post
Yesterday I entered RBF21-RBK21 at -1560. (i.e Sold RBF and bought RBK)
The season according to MRCI is from 30 Sep to 06 Dec. In the last 5 years the exit price ranged between -19.17 to -28.48 at 06 Dec.

Thank you for suggesting this trade. I entered it around -1615 today.

There is one thing I do not like. COT data is bullish RB.

Best regards, Myrrdin

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Kruger's Avatar
 Kruger 
Cape Town South Africa
 
Experience: Intermediate
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Trading: Commodities:Grains, Meats, Energy
Posts: 52 since Jun 2015
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This is how my trade went:
12 Nov Sold RBF1 and Bought RBK1 @ -15.60
19 Nov locked-in profit @ -16.93 in anticipation of a temporary retracement.
Result 1.33 profit
20 Nov Re-entered @ -16.01
01 Dec Exited trade @ -17.20
Result 1.19 profit

Total profit 1.33 + 1.19 = 2.52

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SMCJB's Avatar
 SMCJB 
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2.52c * 42gal = $1.058/bbl = $1058.40/contract
Nice trade, hope you had a 100 on.

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Kruger's Avatar
 Kruger 
Cape Town South Africa
 
Experience: Intermediate
Platform: Rithmic
Broker: Optimus
Trading: Commodities:Grains, Meats, Energy
Posts: 52 since Jun 2015
Thanks Given: 307
Thanks Received: 27


SMCJB View Post
2.52c * 42gal = $1.058/bbl = $1058.40/contract
Nice trade, hope you had a 100 on.

Maybe one day

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Last Updated on December 4, 2020


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