Pretty much hit this target as well. Close enough for government work (86.25).
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
The ACD Method
- Thread starter sbrowne126
- Start date
Pretty much hit this target as well. Close enough for government work (86.25).
Quote from boze_man:
copper last over last 4 days the numberline has added +9 per fish...
has failed at both of the weekly A's...not sure what to make of it?
maybe hold the weekly pivot and mthly A down? 34590 and 34469
My 30 day on Copper is still pretty negative: -17
The low was -26 so yes, it has come off 9 pts.
My 5 day on Copper is +2 and the monthly is +3.
It has bounced off the monthly A down several times now and has failed at both the weekly A up and A down.
Quote from Maverick74:
Turned out to be a great level to lean on. Nice pop off the monthly A down. Almost at the upside target.
Current number line values:
5 day is +4
30 day is +10
Natty gas traded up to the monthly A up today and failed and put in a -3 reversal day. Possible move back down to the monthly A down.
The 5 day is back down to +1. The 30 day has pulled back to +6.
Brent/WTI trading over $26!!!!! This spread use to trade plus/minus $2 of parity for years. The middle east really driving this thing right now.
Quote from Maverick74:
Brent/WTI trading over $26!!!!! This spread use to trade plus/minus $2 of parity for years. The middle east really driving this thing right now.
wow that is insane...think that spread used to trade like brent 1-2 under and the arb always kept it in line?
today was dec brent expiry so i assume that helped add a bit to the volatility...dec wti expires tomoro which is a little early in the cycle but due to the holidays next week
any idea where is the jan spread trading?
Quote from boze_man:
would think the cracks be blowing out as well as the products seem to be more correlated to brent?
The cracks had a monster run this year. The heating oil cracks are off the highs of the year which were around $43, now $39. The gasoline cracks also had a great run trading near $27.
That Brent/WTI is just going to get wider. We have a monster supply now of oil shale in this country that is going to go online in the next 5 years and Brent is going to be much more tied to the middle east. I'm betting this spread could trade north of $50 in the next few years.