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Oct 27, 2023 6:58 PM

HO1!/RB1! bearish pairs trade setup Short

HO1!/RB1!NYMEX

Description

HO1! vs RB1! has become deviated too high compared to the historical norm. Look for the pullback to the 0.95 area. If you don't know how to do pairs trading, especially with commodities, don't do it.

Comment

RB/HO relationship has normalized, time to take the trade off the table.
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