Crack Spread close to its extreme
Updated
We think it is worth to have an eye on this crack spread between gasoline and heating oil. The reason is simple: this spread is close to its lower end of the range and therefore close to its extreme. We will buy this spread when the spread reached -0.40. In this case, we buy RB and sell HO.
Note
The extreme has become more and more extreme and everybody should pay attention to this very cool trading spot!
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