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.