CL Redux

Quote from fear429:

You actually answered your own question. "BZ looks very thinly traded and downright awful." They are equivalent contracts. ICE is the leader in the Brent space and CME/NYMEX is the leader in the WTI space. Though you can trade both products on each exchange.
More...

Thanks but I think you misread what I wrote. I did say BZ and BRN were interchangeable (eg. "note that IB uses BZ for BRN"). But if you look at the chart Risky posted earlier, BRN in this case, it looks more like COIL. So I checked the exchange setting and found that BRN is connected to Nymex and not Ice. This means BRN and BZ are in fact the same contract. But why do the two charts look so different?
 
Quote from schizo:

Thanks but I think you misread what I wrote. I did say BZ and BRN were interchangeable (eg. "note that IB uses BZ for BRN"). But if you look at the chart Risky posted earlier, BRN in this case, it looks more like COIL. So I checked the exchange setting and found that BRN is connected to Nymex and not Ice. This means BRN and BZ are in fact the same contract. But why do the two charts look so different?
More...

I hope I'm not misunderstanding the question. Here is what I know. BZ on IB is the last day financial Brent futures contract on Nymex. Also the IB symbol for the ICE Brent (BRN) is COIL.
 
Is there news driving this move? Trying to figure out whether to hold this or take it off.

EDIT: Never mind, I'm out based on the "damn that's a lotta ticks" exit signal :p
 
Quote from CasperCRF:

Traders shorting the spread, buying light sweet, selling brent.
More...

Interesting. This thing was so strong I thought we'd make another break and try for 88.11!
 
You must log in or register to reply here.
Back
Top