On Spreads

After hitting a couple of home runs on the WTI/ Brent, it's probably time to re assess.
The posts on WTI / Brent, if read properly (or written properly) should have indicated 2 great moves -26.50 to -16.50  and -19.60 to -11/-10.

 Brent vs WTI

WTI / Brent

 WTI / Brent Update

I do not believe spreads lend themselves, under normal conditions, to technical analysis and Elliott Wave in particular, unless there is a condition of extremes.
Those with deep physical trading insight have a huge edge on spreads....
so while there may be whole lot more in the WTI/ Brent  ....I'm out.


Popular posts from this blog

WTI Update- a 4 Handle Future?

Biden Climate Plan and Global GDP

Gasoline a By-product of Distillate