Advice from me. Don't put stop loss and take profit. Use alert
Looks like a good opportunity is coming up on this one. Fading the Dec20 RB(buy) CL(sell) Combo IC spread by selling into strength seems reasonable.
Headlines: - EIA Data Shows Cuts in Both Crude & Gasoline Inventories - Gasoline Futures Return to 0.85 Handle as Prices Fall -7% - US Indexes Fall Along with Energy Sector Down -4%
With the fall of quarantine, road traffic is back and demand is rising accordingly, and gasoline prices are recovering. Less manipulations than the Oil market, much safer trade instrument and good ROI. #Gasoline #RBOB
Prompt-month RBOB futures have been very quiet relative to the antics in oil. 75 cents appears to be very important.
- Gasoline Bounces of 0.6250 handle - OPEC+ Meetings scheduled for Thursday which could see volatility role into Gasoline markets - Gasoline dropped to the beginning of the year due to falling demand within the US region
Headlines • Gasoline Surges Above 0.60 Level Posting +12% Gain in Asia • Petrobras to Cut Production & Reduce Capital Expenditures in a Bid to Off-Set Virus Impacts • US Futures Retreat in Asia Breaking Weeks Uptrend
Headlines • Further Oil & Gas Companies Announce Expenditure Cuts with TOTAL Set to Cut into the Year • Gasoline Continues Its Plummet Down -31% on Monday Close • UK Closes Non-Essential Business as Countries Go into Quarantine to Slow Spreads
Headlines • COT Report Shows Cut in Long Gasoline Positions for Managed Money • RBOB Gasoline Prices Continue Plunge Down Below 0.55 Handle • US Futures Down as Congress Fails to Agree to Further Aid
Headlines: • Crude Extends its Losses in Asia With NYMEX Crude Down -3.16% + RBOB Gasoline Down -3.29% • UN Secretary General Calls for Immediate Ceasefire After 33 Turkish Soldiers Killed in Idlib • Asian Equities Feel Full Force of Sell Pressure with Nikkei225 Down -4.60%
Headlines: • Light Crude Futures Fall Below $50pb as Global Fear Resonates Throughout Markets • CDC Warns That They Could Expect Further Cases and to be Ready • US Equities Continue Low Streak with Markets Down Another -3%
NYMEX:RBF2020 Clear rectangle on the January Futures of the RBOB Gasoline. A breakout could lead to an interesting trend to ride. When trading commodities and futures contracts you should always take into account the specifications of each contract to calculate exactly how many contracts to buy or sell short on the basis of your risk management and position...
HOF2020-RBF2020 Our trade on this spread between Heating Oil Futures F20 and RBOB Gasoline Futures F20 has started. In 87% of the times this spread is profitable in the seasonal window. Our job is to find the best time both statistically and technically.
We expect the breakout on USOIL, remember the condition: Gasoline is the leading indicator from Crude Oil
Shorting RBOB ( Gasoline ) at 2.15. TECHNICAL This is largely based on a technical situation: Two (2) fib levels confluence 88.8% ( MAY ’18 -> DEC ‘18 ) 1.27% ( MAR ’19 -> APR ‘19 ) One ( 1 ) notable Fib “Time” Level ( 1.382% FEB ’16 -> MAY ’18 ( Bullish Retrenchment ) ) Previous Structure Mid ’18, Aug ’17 & Jun ‘15 RSI Divergence RSI ( Daily Chart ) topped...
Looks like the price will remain in this channel until the end of the year, look out for confirmation of the long movement, then short when you get confirmation of the movement down from the top. Hit like if you agree. Follow for more forecasts like this.