Pre Market WTI Swaps, Costless Collars, the Curve, Pivots, Vol, and the May Cal Avg Ti/Brent

WTI

Swaps                                           Fences costless
Apr23-Dec23   67.14        55p/7950c
Cal 2024           65.05        55p/8250c
Price Curve
Apr  67.40
May 67.60  
June 67.70  *peak price
July  67.65
Local Pivot Points
April CL
75.51 resistance 2
71.55
68.60  Pivot
64.64
61.69 support 2
*Pivot numbers are based on yesterday's trading range of $6.91 plus high, low, close levels.
Volatility
May $67.50 straddle        8.30 theoretical value.            *Implies 51.89% volatility.              Days to exp: 32
May Cal Avg WTI/Brent spread   (BKK)
--5.21/-5.14
All these levels are a snapshot in time on the runway to the market's 9 am opening. These are not trade recommendations. 
Not trading advice, this is a personal blog expressing an opinion for educational purposes. Read at your own risk.

 

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