Linz Austria
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,688
Thanks Received: 2,651
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At this time of the year I like buying the RB - HO (Gasoline minus Heating Oil) spread.
Seasonals, according to MRCI, are consistently positive until early January.
Currently, COT data for RB is slightly more bullisch than for HO.
El Nino should take care for a warmer winter in the north of the US. This results in less consumption of heating oil and more consumption of gasoline.
The spread RBZ-HOZ has come back intraday to -15. I intend to buy further spreads in the next couple of days. (I hold half of my usual lot size since middle of September.)
I would be interested in the opinion of the energy traders here.
Thanks a lot !
Best regards, Myrrdin
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