RTRY Women'S nhta-27595 Sandals Casual Comfort Pu Summer Casual Parent Comfort Black Flat B0752MY4D6 Parent fd118c0




RTRY Women'S nhta-27595 Sandals Casual Comfort Pu Summer Casual Parent Comfort Black Flat B0752MY4D6 Parent fd118c0 - 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:

RTRY Women'S nhta-27595 Sandals Casual Comfort Pu Summer Casual Parent Comfort Black Flat B0752MY4D6 Parent fd118c0 - kattskillbay.com
Converse Women’s Pro Leather Vulc Distressed Ox Sneakers Parent B01MY5JENA , Gentlemen/Ladies Berkemann Larena, Trainer, women's Parent B009IIXE9O Promotion Reliable performance Popular recommendation , Man/Woman Mephisto Lady - 3018 Parent B07CH95C14 Guarantee quality and quantity Fine art Recommended today , Diadora Heritage - Sneakers B.ELITE W CORE for woman Parent B07B125H4H , Adidas Forum UP W Hi Heel Women's Trainers (Box Has No Lids) Parent B00M89UKOM , Kenneth Cole New York Women's Kam Ballet Slip on Stretch Sneaker, Black, 6 B (M) US Parent B0784HHSHR , Carolbar Women's Sweet Beaded Block Mid Heel Ankle-Strap Sandals B07CDQZYW4 ParentThiKin Jogging Running Mens Casual Sneakers Colorful Sport Shoes Parent B07GHWTH5HElena Iachi Sneaker Touch VAR.32 All Nude Parent B07G16KYBV , Women Cool Boots Thigh High Boots 12cm Stiletto Peep Toe Slingback Cross Straps Roma Shoes Charming Hollow Rivets... B078JNR4G9 Parent , FLYRCX Women in spring and autumn season European style style personality high heel shoe single shoes B0792NSFQL Parent , Yukun High heels Mid-Heeled Shoes Female Retro Pointed Punk Rivet Thick With Small Women'S Shoes, 36, White B07HJ85ZPN ParentAsh Women’s As-Egoiste Fashion Boot B01MZILQGW ParentWomen's Shoes Peas Shoes 2018 Summer Casual Shoes Ladies Comfortable Shoes Peas Shoes Non-slip Single Shoes (Color... B07DNZHKP4 Parent , BalaMasa Girls Platform Buckle Zipper Frosted Boots B01NAO4T59 ParentBalaMasa Womens Casual Slip-Resistant Suede Boots ABL10395 B078SLH2F2 ParentKPHY Women's shoes/Zipper In Autumn And Winter Thick And Heavy Boots 8Cm High Heel Medium Long Tube Ladies' Boots.Thirty-Eight... B07G7BC11F Parent , SimpleC Womens Low Heel Mary Jane Work Comfort Court Shoes B075SY1SXS Parent , BC Footwear Women's Teeny Wedge Pump B015IPL6KO ParentLBTSQ-Short Boots Bridal Wedding Shoes Splicing Sharp Pointed High-Heeled Boots Fine Heels 10Cm Martin Boots Fashion... B07H2TXDW3 Parent , TAOFFEN girls Mid Heel Shoes Sweet School Pumps with Ankle Strap B073RCZJ26 Parent , SendIt4Me Ladies Suedette Court Shoes with Silver Glitter Chunky high Block Heel B07CKLS8YR ParentAllhqfashion Women's Buckle Low-Heels PU Solid Round Closed Toe Pumps-Shoes B07227ZTKH Parent , Odomolor Women's PU Solid Buckle Round-Toe Kitten-Heels Pumps-Shoes, White, 38 B07BBH9G1N Parent , AalarDom Women's Buckle PU Solid High-Heels Pumps-Shoes, TSDDH003292 B07H8ZMRVN Parent , Ska Women's Fashion Sandals Black Black B07CC42TGN ParentYMFIE Ladies' sandals spring summer sharp shallow fashion elegance temperament high heeled shoes single shoe B07D7VJHFC ParentCafè Noir MHG933 Sandals ON Wedge Cord with Suede and Rhinestones B07H6PN6ZZ ParentSBL Women's shoes summer sponge cake Velcro Roman platform sandals wild high-heeled student women's sandals,Black,38 B07FMD5VMD Parent , Qupid Women’'s Single Sole Sandal with Rhinestones Heeled B076TF5Q4X 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.

RTRY Women'S nhta-27595 Sandals Casual Comfort Pu Summer Casual Parent Comfort Black Flat B0752MY4D6 Parent fd118c0 - kattskillbay.com

RTRY Women'S nhta-27595 Sandals Casual Comfort Pu Summer Casual Parent Comfort Black Flat B0752MY4D6 Parent fd118c0 Shoes

3211216
3613960
4017984
5344993
5949775
12097940
16090487
18016679
18170762