I don't really see anything all that exciting to do right now in the energy complex. Number lines are all back to neutral. Prices at current levels are kind of in the middle of ranges. Vol is neither all that cheap or expensive. I like to construct trades on the edges. I think there will be more opportunities in the near future.
Meanwhile Bonds are about to confirm neg on the 30 day possibly on or before Fed day! Talk about interesting timing. The entire Yen complex is starting to crack again. And risk assets are acting like they want to squeeze which lines up with what the Yen is telling us as well as Bonds. All the pieces are coming together in the macro landscape. There is going to be some very interesting setups here.