“I lay the blame entirely upon crypto & crude oil!”
WTF is this? … not that many minutes to the New York close and crude oil has a
58 cent ragne? … BTC about $120, but I haven’t seen it move $2 in the last 5
hours … seriously, whoa! … and then towards the end of the day BTC gets
whacked … well, what good does it do now, the day’s about over?
Nothing you can do when nobody wants to come out and play … good grief is this
pathetic.
For those that read my blog yesterday, I showed some Brent / WTI spread charts.
Directly below, the place to go to get some good charts for free.
Directly below, the spread chart, one day behind, from the above link. It’s a good
looking chart dynamic, better than the one I had yesterday in the blog update.
click on chart to enlarge
Still disgusted with PRIMEXBT, and the bullshit shenanigans their crude oil LP’s
are pulling … and I’ve let them know it in spades … no response back from them
yet, which is telling, but ignoring problems is what brokerage houses do, and
why they piss people off with a tenacity that rivals the DMV.
As I said yesterday, the only place I know of where you can trade the Brent-WTI
spread and not pay “vig” in CFD’s is FX CHOICE … one word of caution from the
chart above, though, and that is that it tracks futures, right up to expiration,
whereas CFD’s don’t expire … some of the spikes on the Brent-WTI chart aren’t
going to be reflected in CFD prices, cuz CFD’s go to the next expiration quite fast
in the trading cycle, and it’s only the front month expiring contract that sees the
spike up/down in the chart above … other than that, though, the spread will move
and lends itself to be traded, where you can at FX CHOICE in 10 barrel increments
… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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