screaming buy on rbob

S

scriabinop23

buy while you can. some big guys unloaded some long crack spreads. [which appears to explain front month crude and gasoline's behavior]

Here we go to 2.25 May !
 
The gasoline will peak earlier this year and all the gasoline and refiner longs will crash and burn.

Big boys are playing the lemming game.
 
Quote from walter4:

The gasoline will peak earlier this year and all the gasoline and refiner longs will crash and burn.

Big boys are playing the lemming game.
More...

you really think ? demand is up y/y, inventories are down, production is lower, etc. etc.

I say RBOB peaks 2.30-2.50 this summer easy, adding in political and 'hurricane' premiums.

on the other hand, i do think the crack spread comes down, mainly because price of oil is going up as well.
 
Quote from scriabinop23:

you really think ? demand is up y/y, inventories are down, production is lower, etc. etc.

I say RBOB peaks 2.30-2.50 this summer easy, adding in political and 'hurricane' premiums.

on the other hand, i do think the crack spread comes down, mainly because price of oil is going up as well.
More...

I guess it was a screaming buy at 1.9850. We'll see how this goes.
 
Not sure about RBOB but RB is ->

It's Gas. 1 tick (.0001) is $4.20

It has a multiplier of 42000 (every dollar move up or down is $42000) :D Very volatile high leverage kinda play.
 
Quote from polpolik:

Not sure about RBOB but RB is ->

It's Gas. 1 tick (.0001) is $4.20

It has a multiplier of 42000 (every dollar move up or down is $42000) :D Very volatile high leverage kinda play.
More...


RB = RBOB

not a bad day for the bulls.
 
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