Diadora Women's Cleat Maracana L Soccer Cleat Parent Shoes B012FEBQPG Maracana Parent fb016f1




Diadora Women's Cleat Maracana L Soccer Cleat Parent Shoes B012FEBQPG Maracana Parent fb016f1 - kattskillbay.com

While 2016 fades in the rear-view mirror, market trends from last year will continue to play an important role in 2017. Therefore, analyzing and understanding data from 2016 may help get your portfolio best positioned for the new trading year.

For example, both gold and crude oil experienced significant (and possibly unexpected) price action during 2016.

In fact, it wasn't that long ago that a slide in crude oil threatened to take down worldwide equity prices when prices slumped below $30/barrel in February 2016.

After bouncing ever-so-slightly due to reduced global production (improving supply/demand equation), crude oil truly took flight when OPEC started discussing (and ultimately agreeing upon) a coordinated supply cut. Due in large part to this OPEC activity, crude oil marked its biggest annual gain since 2009 as West Texas Intermediate (WTI) rose 45% during 2016.

With the oil cartel's production cuts scheduled to kick off at the start of 2017, the direction of oil prices in early 2017 will be largely dictated by OPEC's adherence to the deal. Worldwide oil production data for January of 2017 should be available in early February.

While gold prices followed a similar upward trend alongside crude oil for the bulk of 2016, this well-known commodity reversed course dramatically during the last couple months of last year. The early bullish trend in gold was likely due to the US Federal Reserve's decision to hold off on an interest rate hike throughout the first three-quarters of the year.

Likewise, the drop in gold prices at the end of 2016 was related to expectations (later proven correct) that the US Federal Reserve would raise rates at their December meeting. With the Fed guiding for three more increases in benchmark interest rates in 2017, gold prices movement in 2017 will hinge to a great degree on the actions of the US central bank.

Generally speaking, rising interest rates catalyze a strengthening US Dollar, which in turn weakens gold. However, gold prices can also be affected by perceived threats to the global economy (i.e. "flight to safety) and other factors.

It's possible you've already mapped out a plan for 2017 in crude oil and/or gold that fits your existing portfolio, outlook, and risk profile. However, if you are still considering new ideas for the coming year, a recent episode of Closing the Gap - Futures Edition may be a great place to start.

On the show, hosts Tom Sosnoff, Tony Battista, and futures expert Pete Mulmat outline a pairs trading idea that involves crude oil and gold futures. While the show includes a wide-ranging discussion on both commodities, the crux of the rational for the the trade involves the "Gold/Crude Ratio."

Obviously, picking the direction of either commodity over the course of 2017 is extremely difficult. That's why the trade detailed on Closing the Gap is deployed using a reference point that measures the historical relationship between the prices of the two commodities.

The Gold/Crude Ratio is calculated by dividing the current price of crude oil into the current price of gold. With gold currently trading about $1152/ounce and crude oil trading $54/barrel, that means the Gold/Crude Ratio currently stands at roughly 21 (1152/54 = 21).

As you can see in the graphic below, the current value of the Gold/Crude Ratio is somewhat depressed compared to recent history:

Diadora Women's Cleat Maracana L Soccer Cleat Parent Shoes B012FEBQPG Maracana Parent fb016f1 - kattskillbay.com
Men/Women Brooks Women's Chariot Parent B016R08OF4 Outstanding features New style Speed ​​refundIGI & CO 67523 gray sneakers high shoes woman rhinestone zip ties Parent B01KKAXM2M , Skechers Women's Go Walk Lite - Intuitive Casual Shoe Parent B072R83CQ6 , New Balance Wl697v1, Women’s Trainers Parent B0751TW2HT , ThiKin Lightweight Mesh 3D Printed Picture Casual Shoes Mesh Sneakers Parent B07GLGWZ34 , Men's/Women's Tretorn Women’s Carryfrg Sneaker Parent B079565Q18 Selling special function Quality and consumer firstBart671Lu Casual Bathroom Sandals Flowers Shower Slides Indoor Slip on Slides Sandals Slippers B07DHDLDTZ ParentPUMA Fierce Chalet Women | Quiet Shade / Rose Gold (190914-04) (10-Women) Parent B076ZW5DD4AWXJX women's flip flops summer Thick bottom Flowers Outer wear Non-slip Casual B07CQNM5XL ParentGentleman/Lady GUNAINDMX Shoes/Shoes/Shoes/Shoes/All-Match/Spring/Winter/Running Shoes,Thirty-Nine,Silver Monarch B07BD4LS7M Parent online sale Environmentally friendly Highly appreciated and widely trusted in and out , Women Summer Sandals HEHEM Women Fashion Leisure Open Toe Women Sandles Thick Heel Shoes Gladiator Shoes Summer... B07CTGKHZC Parent , Lolittas Ladies Women Wedge Platform White Sandals,Comfortable Embellished Black Beach Poolside High Heel Wide... B07D9H6T8J Parent , Kitzen Womens Ladies Over Knee Thigh High Heel Stretch Platform Autumn Faux Leather Boots Shoes B07DGKKL4Q Parent , Men's/Women's ara lissabon-st Boots Woman B076C2CXNF Parent Clearance price New style wonderful , Isabelle Leather Ankle Boots high Heels Ladies Shoes drachenoptik Leather Boat Wine Red B07DX8RJJX Parent , RAZAMAZA Women Fringe Tassel Rivet Chunky Stacked Heel Mid Calf Ankle Bootie B0744J3NHW Parent , CHICMARK Bling Dressy Court Shoes with Stiletto and Thick Platform Elegant Court Shoes for Wedding Parties B07CZ4SNCK Parent , Calaier Women's Cahard Court Shoes blue blue B06XWSFX9X ParentGaoXiao 14 cm high heel shoes dresses B07C1N88H6 Parent , Super high heel 15 cm high heel shoes stage show fashion show shoes B07CBQ8LN2 ParentAlexandra STC-FW520BK-7 Women's Safety Shoes, Plain, Leather, Size: 7, Black - EN safety certified B06Y12XKZD Parent , PITILLOS 2724 Sandals Women 37 B07BHGXMZP ParentZHZNVX Sandals women summer new damask temperament wedding banquet women shoes chain strap high heels B07CWS58PJ Parent , yalanshop Sharp Stiletto Heels Wild Buckle With Patent Leather Sandals Cats And Hollow Shoes B07F21R3YR Parent , SHINIK Women's Shoes Summer New Square Flat Bottom Muffins With Hollow Weaving Half Drag Sandals Casual Leather... B07DBSNCJG ParentBCBGeneration Women's BG-Soho Dress Sandal B012CVDI7Q ParentYMFIE Ladies' low toe toe sandals ankle ties high heels two ways dressing. B07CWZ3SP9 ParentTAOFFEN Women Simple Ankle Strap Heels Sandals B07CDDDT43 ParentMINITOO Girls Womens Bow High Heel White Evening Party Shoes Wedding Sandals UK 6.5 B074S41K4H ParentAllhqfashion Women's Buckle Frosted Pointed-Toe Kitten-Heels Solid Sandals, FBULD014555 B07GK319HF Parent

According to the above data, traders expecting a reversal in the Gold/Crude ratio could express their opinion by purchasing gold futures and simultaneously selling crude oil futures. Obviously, the ratio goes higher (i.e. the trade wins) when either gold prices move higher, when oil prices move lower, or both.

For a complete explanation of this trade we hope you'll take the time to review the full episode of Closing the Gap - Futures Edition focused on pairs trading these two global commodities.

While this trade structure may not fit your current portfolio and/or risk profile, it's possible that ever-changing market conditions may make it look more favorable at some point in the future.

If you have any questions about futures or any other trading topic, we hope you'll reach out at support@tastytrade.com.

In the meantime, we wish you all the best for a great new year!


Sage Anderson has an extensive background trading equity derivatives and managing volatility-based portfolios. He has traded hundreds of thousands of contracts across the spectrum of industries in the single-stock universe.

Diadora Women's Cleat Maracana L Soccer Cleat Parent Shoes B012FEBQPG Maracana Parent fb016f1 - kattskillbay.com

Diadora Women's Cleat Maracana L Soccer Cleat Parent Shoes B012FEBQPG Maracana Parent fb016f1 Shoes

268801
1173828
2250317
2431964
3413519
5381052
7900345
15896316
18271983