Trading Correlation on Crude Oil Futures - Brent Oil vs WTI

West Texas Oil and Brent Crude Oil are well correlated. Recently we spotted a discrepancy between them leading to overpricing of Brent Futures and under pricing of WTI Futures . Thus we made a synthetic position consist of equal dollar weighted long position in WTI and Short Position in Brent Futures . Trade was initiated on 08 of September and will be closed when the gap in the relative strength between the two futures on 15 minute chart disappear.
Comment: The chart seems a bit strange with this uptick in BCOUSD which is artificial and not true, but the trade is still in play and good chances it will get in the money.
good idea ... now you trading?
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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