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rwoods187

Crackspread is about to roll over

Short
RBOB Gasoline Crack Spread Futures (NYMEX:ARE1!)  
rwoods187 Updated   
NYMEX:ARE1!   RBOB Gasoline Crack Spread Futures
Trend Analysis gasoline crackspread Oil
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trendanalysis gasoline crackspread oil
As seen in the past, the crack spread is about to roll over for the summer months until the fall shutdowns start again. How this plays out in the equities like $HFC is yet to be seen.
Trade closed: target reached:
The roll over completed and here we go to the upside.
Comment:
The target was hit in December 2021, and now we have a huge refinery capacity issue. the current crack price seems ridiculous, and could be the top, but who knows.
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