johangradin

PAIR TRADE L CORN SS CRUDE

NYMEX:CL1!   Light Crude Oil Futures
591 1 0
Technically crude is at an 61.8% retracement + at decending TL
Corn             is breaking a minor decending TL to the upside, and has been at a 50% retracement

On the backdrop for Corn             we have historical USDA low usage of corn             stocks ratio, and a very big reversion in the ammount an avarge corn             bushel yields x arce farmland down from 2009 about 34%!!
+ seasonality for corn             indicates peaking prices in May.. Historically, another backdrop to pay attention to.

Crude:
January 4th 2013 had a dramatic drop in crude inventories -11M vs. -0.7M

December 11th 2011 had a dramatic drop in crude inventories -10.6M vs. -2.8M
Crude inventories proceeded to pick up in the weeks after, with a price drop of about 20$!
The same thing happened in 2010 late to early 2011, but the price dropped way less, about 5$ or less.

Crude price seasonality bottom in late february and rise up to May, another backdrop to pay attention to.

took it off incrementally ages ago
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out