Pre Market WTI Swaps, Costless Collars, Curve, Pivots, Vol, and the Apr Cal Avg Ti/Brent
Apr23-Dec23 72.46 60p/85c
Cal 2024 68.90 55p/84c
June 73.60 *peak price
*Price curve continues contango shaped in front-end.
Backwardation characterizes the curve's shape from June 2023 and onwards.
Local Pivot Points
80.36 resistance 2
70.02 support 2
*Pivot numbers are based on yesterday's trading range of $5.17 plus high, low, close levels.
Apr $73.50 straddle 2.60 theoretical value. *Implies 56.06% volatility. Days to exp: 2
May $73.50 straddle 7.67 43.00% 34
Apr Cal Avg WTI/Brent spread (BKJ)
All these levels are a snapshot in time on the runway to the market's 9 am opening. These are not trade recommendations.
Read at your own risk, which can be substantial.
Powered by natural intelligence.
Post a Comment