Ever dreamt of being an oil refiner? Fret not. You can operate a virtual refinery using a combination of energy derivatives that replicates oil refiner returns.
Crude oil is the world’s most traded commodity. Oil consumption fuels the global economy. Crude is refined into gasoline and distillates.
Refining is the process of cracking crude into its usable...
The ‘crack spread’ is a term used in the oil industry that refers to the differential between the price of crude oil and the petroleum products extracted from it, such as gasoline and heating oil. The name comes from the process of 'cracking' crude oil in a refinery to produce these valuable products.
The spread serves as a measure of refining margin, or...
Two week falling wedge. Volume drying up in the wedge. Pulled back 61.8% on 2022's advance.
Small cap energy company with serious earnings and revenue growth.
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
As seen in the past, the crack spread is about to roll over for the summer months until the fall shutdowns start again. How this plays out in the equities like $HFC is yet to be seen.
Looking at the chart, lower highs and lower lows. With that said, hurricane season is around the corner, and the 330k bpd plant in Phili just went up in flames. They lost their Alky unit which produces a boat load of gasoline. I would gamble on this spread in the near term, but have a small position. The reason being the economy is slowing and less gasoline might...
here is my next Idea I will share, just waiting for the price of this pair to migrate into the purple colored area, after it does, will take the trade when is leaves this area back to the middle of the chart.
if we come out of the bottom back towards the middle will be going long RB contract with 30 plus days to end of contract term, and shorting the CL contract...
