Yes, if they will increase. I just try not speculate increase/decrease (or build/drawdown or whatever) as it never worked out for me in the past just caused a lot of trouble.
Long ICE Gasoil Z8Z9/ Short ICE Brent Z8Z9
- near historical lows
- during summer/autumn Gasoil is stronger in this part of the curve
Small size, cause of OPEC.
Actually it's spread curve, and those spreads are trading. So these are real numbers. Normally this time of the year second ZF spread is lower than its neighbors but not so low. Last time this part of the curve was similar to what we have now was 9 years ago. Just wondering what could be the...
Yes, sorry, my mistake Z18Z19. I know that there is little impact on back of the curve. But after some more outright volatility I just was expecting something on 'backs'. You know expectations - the main enemy of every trader.
ICE Brent Z17Z18 spread "died" yesterday, for almost 24 hours it's 7-8 ticks range and we are after inventories, don't remember such situation in the past. Does anyone expecting some major move on the Brent curve or we are done for the year? I mean back of the curve, as there is a lot of fun on...
For first couple years I was also mostly market making, but after transition to low sulfur smth changed, big 'godzilla' algo changed his game. He is much faster and the market perfectly effective right now. With all this spoofing, chasing and other 'instruments' that he is using it's difficult...
Heating oil and Gasoil Z7Z8 paper bought a lot during last month, I want to see them selling. The only thing I see right now some seller appeared on HO Z7Z8 (yesterday first big iceberg filled). Patience...
Just some examples from the past 2011, 2012 2013 years XZ SPREAD:
But back than Brent and Heating was also in backwardation and oil was above 100 $.
There is strength in Asia gasoil market. I don't see any serious accumulation on those levels, there is some, but not impressive.
Waiting for now...
How to explain strength in ICE Gasoil spread structure? HOE and Singapore FOB are quite from yesterday. Is it just normal morning squeeze?
Offers just disappear x7z7
Than bids disappear in just 4 min
That example is just 0.01 % of all the mess that is going on in this market.
This algo...