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I would be very wary of working under the principal that "if this goes up then that must be going down" or whatever. Inter (and intra) market relationships change depending on the circumstances - nothing lasts forever dude!
Can you help answer these questions from other members on NexusFi?
UPDATE: 3/9 - Corrected autoscroll bug
UPDATE 3/11 - To run on NT7, copy the jtNinjaTrader.dll to your Documents\NinjaTrader 7\bin\Custom folder. After restarting NT7 you will be able to add the indicator to your charts.
This is the updated "add-in" …
energy isn't really a market that I trade my friend, but I at least know that two websites that are "serious"are "platts" and "sparkspread" (blah blah dot com whatever). also I think it's important to keep an eye on tanker rates, as thats the only place you can really store oil if you wanna trade the contango and stuff.
Obviously crack spread, but all I know is basically 3-2-1.
Just my 2 cents, as I said energy isn't really my bag.
Agree. Platts covers the European Cash Markets. So if you really trade crude you may want to have a look at PCCH (Platts Cargo CIF High) before the session. However the cash market does not have a continuous quote similar to the futures markets. I think prices are collected by Platt's from a panel of market participiants and published daily. Many cash transactions are done EFP (exchange for physical), which means that the buyer of the oil products swaps his long futures position for a physical position, whereas the seller receives a long futures position. The physical transaction would typically executed at a premium to the Platts quotation.
For crackspreads you would need to monitor refining margins. I am not into this either.
Found a sample report - Platts European Market Scan - on the web (attached).
