Johnkitty Posted August 12, 2010 Report Share Posted August 12, 2010 WTI spreads took a bit of a hit on the sell off as Sep/Oct trades down to -48 and Oct/Nov down to -58. Dec/Red got hit pretty hard at as well with this spread trading -400 again. I believe these spreads are on the cheap and I recommend to value buy down at these levels. Everyone wanted to buy Dec10/Dec11 last week and I think this will be the case down at -400 again. Gasoline and heat both liquidated as well as both Sep contracts traded $2.10 and $2.13 respectively and I think these markets should bounce back and rally nicely. The gas cracks have really taken it on the chin with the Sep gas crack down to $8.00 as has been much weaker than crude in recent weeks. Link to comment Share on other sites More sharing options...
drbubb Posted August 12, 2010 Report Share Posted August 12, 2010 Welcome, John. Have any charts? Link to comment Share on other sites More sharing options...
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