Meijunter Womens Candy's Parent Color nhta-29786 Pointed Meijunter Toe 11CM High Heels Stilettos Pumps Shoes B01NGZ0ZDN Parent 0d2fa27




Meijunter Womens Candy's Parent Color nhta-29786 Pointed Meijunter Toe 11CM High Heels Stilettos Pumps Shoes B01NGZ0ZDN Parent 0d2fa27 - 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:

Meijunter Womens Candy's Parent Color nhta-29786 Pointed Meijunter Toe 11CM High Heels Stilettos Pumps Shoes B01NGZ0ZDN Parent 0d2fa27 - kattskillbay.com
JSHOE Women's Sexy Salsa Jazz Dance Shoes Ballroom Latin Tango Party Dancing Shoes High Heels,Gold-heeled10cm-UK3.5... Parent B078W7N8M9Man/Woman Stanno Canvas Turnschuhe (Weiá) Parent B00JFIVZMK Complete specification range New in stock Official websiteZHZNVX Women's single shoe tip satin high-heeled shoes Korean version of women's ultra-high-Ticketing shoes red... Parent B07CSSMHZXWomens Espadrille Sandals Summer Strappy Platform Flat Peep Toe Roman Wedges Beach Open Toe Comfy Gladiator Ladies... B07CTMZFWK ParentKPHY Women'S Shoes/Sweet Slope And Sandals Girl Shoes With Pinched Toes Beige Thirty-Nine B07FN85HJF Parent , Capezio Leather Character 2" Heel B0002RRQTY Parent , NIKE Women’s 849804-001 Fitness Shoes B01DL10HIE Parent , Summer Women Sandals, Retro Roman Ladies Handmade Hemp Knitting Shoes Beach Grass Sandals - Heels Ladies Ankle... B07B2C47K8 ParentAndres Machado Women's Boots Grey Antegris B07HHXQLK8 Parent , JSHOE Women's Sexy T-strap Latin Salsa Jazz Dance Shoes Ballroom Latin Tango Party Dancing Shoes High Heels,GreenHeeled7.5cm-UK4... B07D9LTT8D Parent , Allhqfashion Women's Pull-On High-Heels Imitated Suede Solid Low-Top Boots B01NCAT04G ParentDockers by Gerli Women’s 39wy201-300910 Ankle Boots, 5.5-6 B01F4BCR00 ParentAdeeSu Womens Spikes Stilettos Metal Buckles Pointed-Toe Urethane Pumps Shoes SLC03690 B07DTPWLV7 ParentFuxitoggo High Heel Bowknot Slip on Pointed Toe Sexy Pumps for Women (Color : Black, Size : UK 4.5) B07H88PMXG Parent , Aerosoles Women’s Tax Return Pump B0753YLPDL ParentCoolcept Women Fashion Ankle Strap Strappy Sandals Flat Closed Toe D'Orsay Shoes Size B072Q7HGHK Parent , Summer Women Sandals, Slope Fish Mouth Peep Toe Ankle Strap High Heels Shoes - Bohemia Beach Sandals Wedges Shoes... B079GN4Z63 Parent , JIA JIA Bridal 0112A Satin Low Heel Closed toe Prom Party Dance Wedding shoes Wommen Pumps B072MCPTK5 ParentAgooLar Women's Pu Low-Heels Round-Toe Fringed Pull-On Court Shoes B07CV976RS ParentAllhqfashion Women's Imitated Suede Solid Round Closed Toe Low-Heels Pumps-Shoes,FBUDD010947 B07HFT2V2Q Parent , Panter 805310000 – Crampons S/Footwear 40 to 43 L B017LDH3M6 ParentChi Cheng Fang Electronic business Stiletto high heel shoes/waterproof platform muffin women's shoes/word with... B07D5DVTNP Parent , Amalfi by Rangoni Women’s Doris Wedge Sandal B075297FK5 Parent , Nine West Women's Mooch Metallic Dress Sandal B01M03FJWA Parent , Women's Summer high Heel Sandals,Ladies Womens Stiletto Fashion High Heels Straps Fish Mouth Evening Party Prom... B07CRL1SY1 Parent , Matisse Women's Columbia Heeled Sandal B01785QYQI Parent , Man/Woman Tamaris 1-28345-36 Womens Sandals B01GVF0H8C Parent quality New design Very good colorEnval Soft 1278833 Sandali Women B07C9GCQZH ParentSpring Korean Version Of Thick-soled Shoes,Female White With Flat Shoes,Platform Patent Leather Shoes At The End... B072L1ZNQN Parent , SheSole Womens Mid Heel Sandals Ankle Strap Party Wedding Bride Shoes B07DMTBY25 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.

Meijunter Womens Candy's Parent Color nhta-29786 Pointed Meijunter Toe 11CM High Heels Stilettos Pumps Shoes B01NGZ0ZDN Parent 0d2fa27 - kattskillbay.com

Meijunter Womens Candy's Parent Color nhta-29786 Pointed Meijunter Toe 11CM High Heels Stilettos Pumps Shoes B01NGZ0ZDN Parent 0d2fa27 Shoes

198548
9223597
10911389
11539769
12582944
13373372
13964346
15052629
17333120