Al Arabiya: US sanctions on Riyadh would mean Washington is stabbing itself

US sanctions on Riyadh would mean Washington is stabbing itself - Al Arabiya English

Guess I was worrying unnecessarily. Appears that the accused and President Trump have solved the issue.

Trump Says ‘Rogue Killers’ May Be Involved in Saudi Journalist Case
https://www.nytimes.com/2018/10/15/us/politics/trump-saudi-king-journalist-khashoggi.html

President Trump said on Monday that he spoke with the king of Saudi Arabia and that the ruler denied any knowledge of the disappearance of a Saudi dissident journalist. After the call, Mr. Trump said it was possible that “rogue killers” were behind the disappearance of the journalist, Jamal Khashoggi.

SMCJB 

Appears that the accused and President Trump have solved the issue.

Is that sarcasm I am detecting?

https://www.cnn.com/2018/10/15/middleeast/saudi-khashoggi-death-turkey/index.html

Saudis preparing to admit Jamal Khashoggi died during interrogation, sources say

The Saudis are preparing a report that will acknowledge that Saudi journalist Jamal Khashoggi's death was the result of an interrogation that went wrong, one that was intended to lead to his abduction from Turkey, according to two sources.

Which will make everything okay again and life will return to normal.

Interesting article by John Kemp at Reuters which includes a review of the 70's Oil Embargo. I learnt something today.

Reuters - Saudi Arabia's oil weapon doesn't work: Kemp
https://www.reuters.com/?edition-redirect=af

Ozquant 

Forward Curve starting to flatten right out on an upmove which is pretty strange . I am thinking long term trend might be about to roll

I know we've moved a little since then but today Z8/M9 has traded as low as 7c with Feb9/Mar9 trading 0 as the front end of the curve contemplates going into contango. At the same time Dec20-Dec21 is setting new highs, as backwardation in the long term curve increases significantly. Strange Strange.

tturner86 

Can it please go down, I would like to be able to fill up on Friday lol.

We're now over $3.50 below Sunday night high's, $6.50 below last week's high and $10 below the 2 week high!

Ozquant 

Forward Curve starting to flatten right out on an upmove which is pretty strange . I am thinking long term trend might be about to roll

Front Six spreads now in contango with Z8/M9 trading -58c!
Now over $9 below early month highs!
Good call

SMCJB 

Front Six spreads now in contango with Z8/M9 trading -58c! Now over $9 below early month highs! Good call

Yes the shift in forward curve was telling with the result evident today , CL is very enjoyable to trade .



Next key will be Lower highs/lows on swings and whether the long term channel is tested

I have looked at the 1m, 3m, 6m etc on the main contracts H,N,U.Z...using the exchange fly symbol

1) The DOM on the 1m for all these are all thick (so this would be like in CQG terms CLEL1H19, CLEL1N19) etc.. with L1 denoting the exchange fly
2) The 3 month fly also good only for H and not for the others
I can continue to look at which ones are good and which ones are bad

Few observations:
a) I am unable to chart WELL intraday (i.e. like 30m. 60m etc) these exchange flys through CQG Fix even for the ones where the liquidity is high on the DOM but able to chart certain ones directly from CQG

For example for a 60 min chart
Good: 3 month March Fly
Bad: 1 month March Fly, 1 Month June Fly, 3 month June fly, 1 month Dec Fly etc

Attaching just a daily for the march 1 month fly and 3 month fly - see the difference


Few Questions:
1) Looks like i can only trade the 3 month March fly looking at charts intraday - anyone with TT etc can confirm they see the other charts well?
Surprised that even 1 month June or July or Sept fly cannot be charted well even on daily

Anyway looks like a fools game with retail rates to try scalp these flys and these move well enough to swing trade.



2) Looks like a better way is to analyse the bid/ask on the calendars and place orders on the calendars to create the fly (and probably much better charts as well one calendar minus the other to see trends over several days)
Of course if I am doing this, then i will be using Excel (connected to CQG) and thus will be able to plot at least line charts of the fly
(note: which is what i am trying to work on and probably the ONLY way when we compare fly to fly)

Any thoughts/suggestions welcome