WTI weakness

very Simple metrics that help determine if you want to be a buyer or seller of WTI .Obviously plenty more goes  into making this decision but  a Nice overview of Supply and 1 portion of demand.

Z8/M9 CL   calendar spread  trend is down and trading negative=Supply ample

zm

Weekly EIA storage  report show 5  consecutive weeks of Builds  of Oil In storage

oil su

Cl/brent spread continues to trend lower  as pattern of lower highs remains

clll

Rbob crack touching 3 year low,Seasonality does not explain all of this drop

fron crck

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.