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RBOB Gasoline Jan-May21 Spread


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RBOB Gasoline Jan-May21 Spread

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  #1 (permalink)
Cape Town South Africa
 
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Yesterday I entered RBF21-RBK21 at -1560. (i.e Sold RBF and bought RBK)
The season according to MRCI is from 30 Sep to 06 Dec. In the last 5 years the exit price ranged between -19.17 to -28.48 at 06 Dec.

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Legendary Market Wizard
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Very interesting. I suspect Gasoline demand comes under pressure again in the next three months as virus fears and prevention measures increase again. (NY just announced schools closing again and going online effective this weekend!).

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Market Wizard
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Kruger View Post
Yesterday I entered RBF21-RBK21 at -1560. (i.e Sold RBF and bought RBK)
The season according to MRCI is from 30 Sep to 06 Dec. In the last 5 years the exit price ranged between -19.17 to -28.48 at 06 Dec.

Thank you for suggesting this trade. I entered it around -1615 today.

There is one thing I do not like. COT data is bullish RB.

Best regards, Myrrdin

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  #4 (permalink)
Cape Town South Africa
 
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This is how my trade went:
12 Nov Sold RBF1 and Bought RBK1 @ -15.60
19 Nov locked-in profit @ -16.93 in anticipation of a temporary retracement.
Result 1.33 profit
20 Nov Re-entered @ -16.01
01 Dec Exited trade @ -17.20
Result 1.19 profit

Total profit 1.33 + 1.19 = 2.52

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Legendary Market Wizard
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2.52c * 42gal = $1.058/bbl = $1058.40/contract
Nice trade, hope you had a 100 on.

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  #6 (permalink)
Cape Town South Africa
 
Experience: Intermediate
Platform: Rithmic
Broker: Optimus
Trading: Commodities:Grains, Meats, Energy
 
Kruger's Avatar
 
Posts: 46 since Jun 2015
Thanks: 256 given, 22 received


SMCJB View Post
2.52c * 42gal = $1.058/bbl = $1058.40/contract
Nice trade, hope you had a 100 on.

Maybe one day

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