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Updated June 27, 2024
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August 31st, 2015, 08:24 PM
Houston TX
Legendary Market Wizard
Experience: Advanced
Platform: TT Stellar & Tradestation
Broker: Primarily Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
Random Musings of a Spread Trader...
Almost exactly one month later, same price - much steeper curve
Which leads to...
Disclaimer :- No CLV5 positions - Long CL-Z5M6Z6 Butterfly .
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
September 1st, 2015, 01:13 PM
Houston TX
Legendary Market Wizard
Experience: Advanced
Platform: TT Stellar & Tradestation
Broker: Primarily Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
Big Move Today.
V ~ 4560 & ZMZ ~ -110
September 1st, 2015, 07:43 PM
London, United Kingdom
Experience: Intermediate
Platform: N/A
Broker: Bloomberg
Trading: Energies
Posts: 310 since Jul 2014
Thanks Given: 1,089
Thanks Received: 386
SMCJB
Big Move Today.
V ~ 4560 & ZMZ ~ -110
Nice trading!
September 1st, 2015, 08:34 PM
Houston TX
Legendary Market Wizard
Experience: Advanced
Platform: TT Stellar & Tradestation
Broker: Primarily Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
CobblersAwls
I wish. Didn't have enough on. My models start scaling me out of my positions 100 days DTE so position was smaller than it might have been.
September 2nd, 2015, 05:57 AM
Prospect, KY. USA
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617
Something that might be of interest
You can email John Kemp to get on his mailing list for
"Best in Energy News" and his notes
[email protected]
-William
EDIT
One of the articles in his email
https://www.reuters.com/article/2015/09/01/oil-caribbean-storage-idUSL1N10U1SD20150901
Full disclosure
I am not affiliated with this service, only a free FYI
September 2nd, 2015, 09:57 AM
Prospect, KY. USA
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617
Interesting article on LNG and a new export facility in Louisiana
A little lengthy (?) to peruse but certainly worth a scan
Quoting
And pretty much like that, he was a self-appointed energy executive. Armed with the technology, Souki looked into exploring for oil in the shallow waters of the Louisiana coast. Major companies had moved on to deeper waters, yet tiny pockets of oil and gas remained. Drilling for it would take tens of millions of dollars. Souki figured the best way to raise that kind of money was to sell shares to the public. Rather than start his own company, he bought a dead one. In 1996 he took over the shell of a defunct film-colorization company whose shares still traded. He changed the name to Cheniere—Cajun for “high ground looking over a swamp”—opened an office in Houston, hired a bunch of geologists and engineers, and became the founder and chief executive of a publicly traded energy company.
America?s Most Unlikely Energy Project Is Rising From a Louisiana Bayou - Bloomberg Business
-William
September 2nd, 2015, 10:34 AM
Cleveland, OH
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785
Quoting
Front-month Brent crude futures rose by more than 10 percent on Thursday, 5 percent on Friday and 8 percent on Monday, before plunging by more than 8 percent on Tuesday.
To put that in
context , the percentage daily price movements were 4.6 standard deviations away from the mean on Thursday, 2.4 standard deviations on Friday, 3.7 on Monday and 3.8 on Tuesday.
If price changes followed a normal distribution, a move of 3.5 standard deviations should occur only once every eight years and a move of greater than 4.5 standard deviations should happen once every six centuries.
COLUMN-Oil market takes a walk on the wild side (again): Kemp | Reuters
September 2nd, 2015, 11:29 AM
Prospect, KY. USA
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617
It looks like folks here enjoy charts and graphs
The attachment was sent to me because of being on Kemp's email list
The pdf contains "selected indicators"
I do not know if he sends this out every week or not, I recently asked to be added. However I do follow him on twitter
-William
September 2nd, 2015, 12:16 PM
London, United Kingdom
Experience: Intermediate
Platform: N/A
Broker: Bloomberg
Trading: Energies
Posts: 310 since Jul 2014
Thanks Given: 1,089
Thanks Received: 386
WilleeMac
Something that might be of interest
You can email John Kemp to get on his mailing list for
"Best in Energy News" and his notes
[email protected]
I follow him on twitter, if you use it check him out, he posts good charts and some analysis: @JKempEnergy
September 2nd, 2015, 09:11 PM
London, United Kingdom
Experience: Intermediate
Platform: N/A
Broker: Bloomberg
Trading: Energies
Posts: 310 since Jul 2014
Thanks Given: 1,089
Thanks Received: 386
Image 1:
Despite some claims in the news, Chinese demand for crude oil doesn't seem to be waning. Although its demand for refined products has decreased, this has been gradual as the country began to develop its own refining technology. It's demand for crude oil hasn't suffered yet with the latest report from 31st July showing it's highest peak (30.3755).
The next report is due on the 8th Sept for the month of August so it will be interesting to see if things change drastically there.
Image 2:
Iran coming back on the scene was another major concern for oil producing nations and was also mentioned as a reason for the decline in oil prices. Iran's output is currently 2,780 bpd - but even in its peak (March 2008) it was producing 4,020 bpd so the potential increase in supply is only 44% to it's peak. I suppose the short term issue could be mass storage volumes that are ready to ship which could increase production volumes.
Just thought I would add something to the interesting conversations members were having last week regarding Saudi Arabia, Iran etc.
Last Updated on June 27, 2024