Trade entry: RBN16-CLN16

If you are here for the first time — READ THIS.

Hi there! As I mentioned earlier, this time of year is great for oil-based trades. In fact, there are too many of them! :D

Today, we entered July Gasoline vs Crude oil spread.

The black line is the reality this year, red and blue lines are seasonal patterns for 5 and 15 (respectively) years. The green triangle is trade entry and the red triangle is trade exit.

Expected profit is this case is quite vague - let’s say between $3000 - $5000 per contract. I will watch how the seasonality goes and take profit accordingly. There were two $10000 profits from this trade in last 5 years, just imagine… :) The risk we take is about $500.