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New Oil Futures Trader

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New Oil Futures Trader

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Posts: 1 since Sep 2015
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Hi guys, apologies if I've posted this in the wrong section, but I was after a bit of help, if anyone has a moment.

I've recently started trading oil futures/spreads on both wti and brent having been a fixed income options market maker for the last 10 years and I guess I'm really after a bit of guidance as to where to go for info on a couple of things. Firstly, trading futures/spreads is not something I've ever really done, but having traded fixed income I'm very comfortable with a futures curve. So I've been looking around for some reading material specific to oil spreads, I'm fully up to speed with the various strategies like flies/boxes etc etc but was hoping to be able to read something that gave me a better idea of when to get in to a trade than simply sticking a couple of Kelt bands on a graph. As a quick example, lets say in fixed income a bad news story comes out, I would probably expect the curve to flatten, and would therefore adjust my price accordingly, whereas in oil it's really not obvious to me what various news stories mean for the curve and I often feel like I'm trading stuff just because it looks good on the charts. So was maybe looking for something that could help me understand this a bit better, but without overloading me with info!

Secondly, I'm very interested in excel and it's possible applications in the futures market. When I was trading options we had similar stuff, but was all programmed by IT. I've picked up excel quite quickly and I'm keen to start making my own spread sheets. I use CQG as my front end so can get live/historical data through their RTD feed, however other than plotting a few term structures and stuff like that I'm not really sure what to do with the data. I'm not asking for anyone's excel trade secrets, but I would love to know what sort of techniques are common place. I guess what I'm trying to do is add a bit more structure and method to my trading other than just looking at a graph, and I'm keen to get learning. But so far I've struggled to find anything specific to the oil curve, or useful with regards to analysing the data I can get from CQG.

Anyway, any help would be really amazing, thanks for your time.

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