CL Redux

[roreilly]

Quote from roreilly:

Long at 92.72, stop at 92.60, target is 93.22.

Stopped

 

[Visaria]

Quote from Visaria:

The brent/wti spread went from around 2100 yesterday to 1830 today.

That's like crude going from 99 to 90 in one day!

Spread is around 1600 :eek: That's a collapse from 2100 on Thursday or Friday last week.

It's due to Brent going down and NYMEX going up.

Rollover to May now.

 

[FCXoptions]

Quote from Visaria:

Spread is around 1600 :eek: That's a collapse from 2100 on Thursday or Friday last week.

It's due to Brent going down and NYMEX going up.

Rollover to May now.

\

I hope you were short for that move!

 

[Visaria]

I was, but unfortunately not in any size.

 

[Builder17]

s 92.16
stop 92.36
target 91.36

 

[Builder17]

Quote from Builder17:

s 92.16
stop 92.36
target 91.36

stopped out

 

[riskaddict]

I'm smelling a triple top at 93.50

 

[Visaria]

I exited the wti/brent spread yesterday, but am thinking of shorting again. Couple of hundred points to support if looking at a chart. May even smash past that.

Well worth looking at .

 

[austinp]

Quote from Visaria:

I exited the wti/brent spread yesterday, but am thinking of shorting again. Couple of hundred points to support if looking at a chart. May even smash past that.

Well worth looking at .

I have checked with three big brokers and two chart services (Ninja and TradeStation) where I cant find anyone that offers this spread as a lone symbol to trade or even plot.

May I ask who you trade thru and chart with to see this Brent/WTI spread as a paired symbol?

 

[Visaria]

You can easily create the position yourself by selling 1 contract of brent and simultaneously buying 1 nymex. You can create the chart on IB by using their create synthetic security chart (it's the third tab on the chart function).

edit: i go with various spreadbetters in the UK who have this set up as a single instrument. Having said that, one of them just simply sells brent and buys nymex, it shows as separate contracts in the position screen.

edit 2: sells brent on ICE and buys wti on ICE, not nymex