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  1. R

    Bullish on OIL @ $51.30

    Of course pal. http://www.amazon.com/Futures-Spread-Trading-Complete-Guide/dp/0934380481/ref=sr_1_4?ie=UTF8&s=books&qid=1232648443&sr=1-4 http://www.amazon.com/s/ref=nb_ss_b?url=search-alias%3Dstripbooks&field-keywords=Spread+Trading&x=13&y=24 this one is a complex book, but its very...
  2. R

    Bullish on OIL @ $51.30

    I just trade spreads, and I don't see any fundamental reasons to bullish this product.. Selling march/buying april gives us a better chance to make money in this market, right now this spread is trading at -2,75 (up over 0,95 cents) If we break the -3.00 level again, you can bet that the...
  3. R

    Grand Piano.

    I do not believe in conspiracy theory. until now. After the end of the cold war, Bill Clinton won the presidency thanks to Ross Perot, Ross Perot drew 38% of his vote from Bush in 1992 election. Then, in 2000, his son won the presidency after losing the election. Bush jr Was put here...
  4. R

    Is Brent Crude What the Rest of The World Uses & CL What North America Uses?

    Good Morning all. The February and March crude futures converged on expiration day, with the gap between the two shrinking from $6.43 to $2.70-$2,10 ( the narrowest spread between the front-month and second-month contracts in six weeks). The market had bet that the spread would widen in the...
  5. R

    Obama inauguration plunge?

    14 years of Huge economic growth...
  6. R

    Is Brent Crude What the Rest of The World Uses & CL What North America Uses?

    WTI is the benchmark used by the media to present the international price of a crude oil barrel. This international indicator shows the price in dollars per barrel being useful as a reference to all the crude oils traded in the western hemisphere, having a direct impact in the price of all type...
  7. R

    Signs of shift away from WTI

    Everytime this happen, the media say the same thing, the end of WTI..
  8. R

    Oil now at 36 bucks..

    If the WTI breaks the $34 psychological barrier we will see Oil in the low $20's in no time.. If not, then it's clear that we'r going straight to the 50's. the feb/mar spread drops $2 last friday. (probably due to the rollover) Cause the Mar/Apr Spread gain over $3 bucks at the same time...
  9. R

    Who buys the crap on trader monthly?

    Read the book "metal men" by Craig Copetas, its a pseudo-biography about Marc Rich and the dirty international trading world. You will be amaze. :cool:
  10. R

    Morgan Stanley Said to Seek Supertanker to Store Oil

    Its not like that pal, this is a very very very complex business. You can trade freight forwards contracts and hedge yourself against supertanker storage etc etc etc.. Or You can used foreing storage in the carribbean and use the currency rates to even double your profits. F. Swaps, FFA's etc...
  11. R

    Morgan Stanley Said to Seek Supertanker to Store Oil

    That's right. The last time we saw somenthing like this was in the early 70's, and Marc Rich and Phillip Bros made a Fortune that year, over $14 dollar per Barrel. Actually because of this huge profits Marc Rich was able to invented the “spot market” for crude oil revolutionizing...
  12. R

    Morgan Stanley Said to Seek Supertanker to Store Oil

    Yes, Firms like shell, trafigura, Marc Rich & Co. have been doing this since late nov 08. Actually, Shell have over 100 million usd at stake right now doing this.. With the RBOB and Heat Cracks spreads in a bull rally, I think we should pay more attention to refineries and big oil corps in...
  13. R

    Morgan Stanley Said to Seek Supertanker to Store Oil

    Actually this is a near risk-free money for the physical players, they are just selling the fowards contracts and buying the cash spot prices now. You buy physical crude today in the physical market with specific grades and then sell the April contract and makes over $16 usd per barrel.
  14. R

    Huge Build in Crude Inventory

    http://www.elitetrader.com/vb/showthread.php?s=&threadid=148310&perpage=6&pagenumber=5 A weak front month typically means stronger differentials for cash grades. A trans-Atlantic spread in favor of Brent also is supportive of cash crudes.
  15. R

    Huge Build in Crude Inventory

    the RBOB y Heat Spread are in a Bull Rally, Most refineries will profit from this.
  16. R

    Huge Build in Crude Inventory

    The crude contango is huge,This follows another epic build at Cushing, Oklahoma - the physical delivery point for Nymex WTI. The facility is now holding a record 33m barrels, which means it only has about 1m barrels of capacity spare. Until the Cushing scenario is resolved (unlikely until the...
  17. R

    Gold/platinum spread

    Eric Bolling made this Call 2 weeks ago on "Street Meat," a new segment on his show on the FBN . http://www.thestreet.com/story/10457240/1/bolling-the-gold-and-platinum-connection.html BTW The platinium ETF is PHPT at the London stock exchange.
  18. R

    OPEC just got kicked in the face!

    This should answer your question. emrglobal http://www.elitetrader.com/vb/showthread.php?s=&postid=2228111#post2228111 and Papa Lazarou http://www.elitetrader.com/vb/showthread.php?s=&threadid=147327&perpage=6&highlight=maxd%20out&pagenumber=2 BTW: take a look at the Brent/wti...
  19. R

    OPEC just got kicked in the face!

    34-40% of that $1,50 per gallon goes to taxes.
  20. R

    Any chart for crack spread?

    Hope this help http://www.britefutures.com/charts000/spreadcharts.aspx
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