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Get long June Crude Contract $64.50/ 4-9-07
- Thread starter myminitrading
- Start date
You need to specify June....front month is May, which is 62.43.
Note this move is entirely attributable to gasoline, which is up 430 pts. at 2.1650 (May). The draw there was 5.5 million bbls., far more than was expected. The crude build was less than expectations at 700K bbls. which is mildly bullish, but the gasoline draw is wildly bullish and is leading the charge.
Note this move is entirely attributable to gasoline, which is up 430 pts. at 2.1650 (May). The draw there was 5.5 million bbls., far more than was expected. The crude build was less than expectations at 700K bbls. which is mildly bullish, but the gasoline draw is wildly bullish and is leading the charge.
Quote from atticus:
Doofus.
Apparently blissfully ignorant of the concept of carry/financing. It's not a supply/demand equation. The swap is embedded, hence the discount.
Give this man a cookie, he must be highly educated in finance, to bad since most in that crowd cant make money, but they sure can talk a good game.
Me, I just trade what I see, and right now its looking pretty good doofus hahahaha.
Quote from PJKIII:
You need to specify June....front month is May, which is 62.43.
Note this move is entirely attributable to gasoline, which is up 430 pts. at 2.1650 (May). The draw there was 5.5 million bbls., far more than was expected. The crude build was less than expectations at 700K bbls. which is mildly bullish, but the gasoline draw is wildly bullish and is leading the charge.
The title said get long June contract 64.50, you sit here and explain to everyone why crude it up, I need to monitor my winning trade, now $ 65.38 gotta run.
Hey dont be afraid to post a trade yourself.
Congrats on your winning trade, that's great. Not trying to sound like a cynic, and not saying I am the wizard, but if you don't fully understand the difference between cost of carry in the dollar index and massive contango in the crude market (you might want to research that for your own education if you haven't already--we're all here to learn right?) you may be having a wee bit of luck. Maybe I'm wrong about that--either way, way to go on your profitable trade.
64.92 now...still + for you, but coming back. You holding on or taking profits?
64.92 now...still + for you, but coming back. You holding on or taking profits?
Quote from PJKIII:
Congrats on your winning trade, that's great. Not trying to sound like a cynic, and not saying I am the wizard, but if you don't fully understand the difference between cost of carry in the dollar index and massive contango in the crude market (you might want to research that for your own education if you haven't already--we're all here to learn right?) you may be having a wee bit of luck. Maybe I'm wrong about that--either way, way to go on your profitable trade.
64.92 now...still + for you, but coming back. You holding on or taking profits?
To me thats like researching the fundamentals of public companies, I just dont care. I just trade off the charts, and have for close to a decade. It works so I keep doing it.
Last Wednesday I saw a nice set up in GLW @ 22.80 so I took a position, I am still in it.
I just love paging thru the SP500 stocks looking for opportunities.
I really love my charts. I never look at the fundamentals. I will admit I do look at analyst opinion, I like to see alot of recent downgrades thats helpfull.
Attachments
Quote from PJKIII:
Congrats on your winning trade, that's great. Not trying to sound like a cynic, and not saying I am the wizard, but if you don't fully understand the difference between cost of carry in the dollar index and massive contango in the crude market (you might want to research that for your own education if you haven't already--we're all here to learn right?) you may be having a wee bit of luck. Maybe I'm wrong about that--either way, way to go on your profitable trade.
64.92 now...still + for you, but coming back. You holding on or taking profits?
So how does your analysis make you money? it sounds like you are familiar with the commodity markets. I was always under the impression that the more one tried to learn about the markets the more he expected from the markets.
I understand the carry trade in the spot currency markets, but I dont understand the carry trade in the dollar index futures, could someone explain please.
Quote from myminitrading:
I understand the carry trade in the spot currency markets, but I dont understand the carry trade in the dollar index futures, could someone explain please.
Different animals as I understand it. The currency carry trade takes advantage of prevailing interest rate discrepancies between different currencies, while the cost of carry has to do with the time value of money and the cost associated with tying your money up in a given instrument.