Selling spread WTI-GAS
Updated
Hi.
Maybe you'll find it useful. What we see is a price movement in last 5 years. In my opinion(hope you see it too) spread between prices is close to extreme readings so i'm looking to sell it. You can convert barrel to BTU and compare prices, but let's keep it simple for now. Strategy is also simple. Sell WTI and buy Gas. Considering my longs on WTI it seems legit. It's true, the winter is "hot", but will it remain like that for long?
Tell me what you think oi comments below
Maybe you'll find it useful. What we see is a price movement in last 5 years. In my opinion(hope you see it too) spread between prices is close to extreme readings so i'm looking to sell it. You can convert barrel to BTU and compare prices, but let's keep it simple for now. Strategy is also simple. Sell WTI and buy Gas. Considering my longs on WTI it seems legit. It's true, the winter is "hot", but will it remain like that for long?
Tell me what you think oi comments below
Comment
Answering PM:We'll make profit if:
1. Price of WTI rising slower than price of GAS(Gas price rising also)
2. Price of WTI falling faster than price of GAS(Gas price falling also)
3. Price of WTI falling and price of GAS rising
Comment
for referenceTrade closed: target reached
Trade closed. +5.5% and it saved my.....still have longs on WTIDisclaimer
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