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Energies
Updated: Views / Replies:2,029 / 43
Created: by myrrdin Attachments:6

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Energies

  #11 (permalink)
Elite Member
Cape Town South Africa
 
Trading Experience: Intermediate
Platform: Zaner 360
Broker/Data: DeCarley
Favorite Futures: Commodities:Grains, Meats, Energy
 
Kruger's Avatar
 
Posts: 29 since Jun 2015
Thanks: 146 given, 7 received


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)
Market Wizard
Linz Austria
 
Trading Experience: Advanced
Platform: Zaner360, TWS, Vantage
Broker/Data: DeCarley, IAB, RJO
Favorite Futures: Commodities
 
Posts: 1,413 since Nov 2014
Thanks: 1,761 given, 1,761 received
Forum Reputation: Legendary


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)
Market Wizard
Houston, TX
 
Trading Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
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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-m...-home-kemp-idUSKCN1G42ES

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  #14 (permalink)
Market Wizard
Linz Austria
 
Trading Experience: Advanced
Platform: Zaner360, TWS, Vantage
Broker/Data: DeCarley, IAB, RJO
Favorite Futures: Commodities
 
Posts: 1,413 since Nov 2014
Thanks: 1,761 given, 1,761 received
Forum Reputation: Legendary

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)
Trading Apprentice
Kolumbia
 
Trading Experience: None
Platform: tt
Favorite Futures: gc
 
Posts: 5 since Jul 2018
Thanks: 1 given, 0 received

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)
Market Wizard
Linz Austria
 
Trading Experience: Advanced
Platform: Zaner360, TWS, Vantage
Broker/Data: DeCarley, IAB, RJO
Favorite Futures: Commodities
 
Posts: 1,413 since Nov 2014
Thanks: 1,761 given, 1,761 received
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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)
Trading Apprentice
London, UK
 
Trading Experience: Beginner
Platform: IB (TWS), DeCarley(Zaner)
Favorite Futures: CL, GC, meats, grains
 
Posts: 35 since Jan 2018
Thanks: 133 given, 30 received


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)
Trading Apprentice
Kolumbia
 
Trading Experience: None
Platform: tt
Favorite Futures: gc
 
Posts: 5 since Jul 2018
Thanks: 1 given, 0 received


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)
Trading Apprentice
London, UK
 
Trading Experience: Beginner
Platform: IB (TWS), DeCarley(Zaner)
Favorite Futures: CL, GC, meats, grains
 
Posts: 35 since Jan 2018
Thanks: 133 given, 30 received


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)
Market Wizard
Houston, TX
 
Trading Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,674 since Dec 2013
Thanks: 2,146 given, 4,654 received
Forum Reputation: Legendary



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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