SHINIK Women's Shoes Sandals B07DBS986X High-heeled Shoes With A New Package Single Package With A Buckle Leather New Korean Wild Summer B07DBS986X Parent 30bb8cd




SHINIK Women's Shoes Sandals B07DBS986X High-heeled Shoes With A New Package Single Package With A Buckle Leather New Korean Wild Summer B07DBS986X Parent 30bb8cd - 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:

SHINIK Women's Shoes Sandals B07DBS986X High-heeled Shoes With A New Package Single Package With A Buckle Leather New Korean Wild Summer B07DBS986X Parent 30bb8cd - kattskillbay.com
Skecher Street womens Double Up - Faux Fur Parent B06X6N9PLRHUGO Women’s Uptown Adrienne-St Low-Top Sneakers Parent B07CFM1DR4 , RTRY Women'S Sandals Summer Pu Outdoor Casual Flat Heel Translucent Heel Beading White Black Champagne White Us6... Parent B074CZ94XV , Merrell Women's Encore Q2 Slide LTR Fashion Sneaker, Espresso, 7 M US Parent B01N5GC770 , Womens Ladies Metallic Ankle Buckle Strap High Heel Peeptoe Dressy Fashion Sandals Shoes - L52 B079YZHM3P ParentZenzzle Womens Running Shoes Colorful Graffiti Pattern Print on for Ladies Outdoor Running Sneakers Parent B07CG6H16X , Cheap Boots Studded Block Heel Boots - OverDose Women's Ladies Square High Heel Crystal Ankle Martin Shoes Short... Parent B07HKLMBFMHBDLH-Spring And Autumn Joker 7Cm High Heel Shoes Shallow Mouth Waterproof Table Shoes Elegant Occupation Sexy... B07GJY58HB Parent , YMFIE New sexy high heels in spring and summer B07DL8YGGY Parent , KYDJ Women's Dance Shoes Sneakers Breathable Synthetic Low Heel Black/White/Red , red , us7.5 / eu38 / uk5.5 /... B0725HS3BB Parent , GTVERNH Women's shoes/fashion/For Single Summer Shoes Black Silk High Heel Shoes Pointed Shoes Middle And Heel... B07G61D77K Parent , Bloch 135 Demi Pointe shoe B01DAEIKJA Parent , Clarks Women’s Chorus Jingle Boots B06XCCC8H8 ParentManas Women’s SESTRIERE Mid-Calf Boots B01FMLWCSO Parent , Dr. Martens Unisex Adults' Vegan 101 Classic Boots B07D8D8XQW ParentLuoluoluo Women's Buckle with Sandals Velvet Noodle Fish Mouth Thick Heel Buckle Female Heels B07CPTTCSY ParentWomen's Men's Snow Boots Waterproof Winter Leather Boots With Fur B01MF8L4GV ParentSalabobo L024 Womens Falts Glaring Beautiful Pretty Performance Rhinestone Wedding Dress Bride Bridemaid Party... B07D773LRN ParentSERAPH SHOES B-A8189 Women Block High Heel Platform Peep Toe Pumps Wedding Party Dress Shoes B07H5D7M31 ParentFLYRCX European style Tucker style high heels high heel shoes single shoes thin heels and women's party shoes B07BF9BVP7 ParentPleaser Sky308/C/Rch, Women's Heels Sandals B00HE7L5LA ParentFYM SHOES DYF Shoes Short Boots Round Head Soft Thick Bottom Spell Color Strap,Black,36 B0768F992V ParentAgooLar Women's PU Pull-on Round-Toe High-Heels Solid Pumps-Shoes B079MGFF5B ParentBalaMasa Womens Assorted Colors Bows Travel Urethane Pumps Shoes APL10587 B07GLL9MR7 Parent , AalarDom Women's Patent Leather Pointed-Toe Kitten-Heels Pumps-Shoes, TSDDG002491 B07H9YPCZ2 ParentQIDI-women's sandals QIDI Sandals Plastic Summer Female Fashion Black Red White Flat Bottom Slippers (Color :... B07CF4NQ2R ParentGAOGENX Women Shoes Party Club Platform Crystal Stiletto Heel Glitter Sequin Buckle Plaid Sandals Size 35 to 41... B07G14NL4J Parent , GONGFF Large Size Silver Waterproof Platform Coarse High Heel Sandals Dinner Shoes Wedding Shoes Fashion Shoes B07FH88DFH ParentXTI Women’s 030105 Platform Sandals B01MZBJPQI Parent , WHLShoes Women's Sandals Fashion high-heeled sandals Thick with the female summer waterproof platform wild fish... B07DJBKLV9 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.

SHINIK Women's Shoes Sandals B07DBS986X High-heeled Shoes With A New Package Single Package With A Buckle Leather New Korean Wild Summer B07DBS986X Parent 30bb8cd - kattskillbay.com

SHINIK Women's Shoes Sandals B07DBS986X High-heeled Shoes With A New Package Single Package With A Buckle Leather New Korean Wild Summer B07DBS986X Parent 30bb8cd Shoes

3731914
3970239
5951499
6221695
9441641
10354382
13323956
16836394
16859916