BalaMasa Urethane Womens Pumps Studded Fringe Dress Urethane Pumps Shoes Parent APL10712 B07GT84KKT Parent 0278a9e




BalaMasa Urethane Womens Pumps Studded Fringe Dress Urethane Pumps Shoes Parent APL10712 B07GT84KKT Parent 0278a9e - 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:

BalaMasa Urethane Womens Pumps Studded Fringe Dress Urethane Pumps Shoes Parent APL10712 B07GT84KKT Parent 0278a9e - kattskillbay.com
Gentleman/Lady Stallschuh Montreal, schwarz, 41 Parent B00IJ5A14I use At a lower price Lightweight shoes , Bottes jodhpur avec insert elastique HKM - 40, noir Parent B007EU5M8YDYF Women Embroidery Nude Shoe National Style Flat Canvas Stripes Soft,Rice White,40 Parent B074P3YKWX , cobian Women's Fiesta Bounce Dress Sandal Parent B00N2FQCXYSHOESHAOGE Slippers Outdoor Muffin Super High Heel Thick Bottom Waterproof Table One Word Fish Mouth Sandals Women'S... Parent B0753KZQBYadidas Originals adi-Ease Skate Shoe, Solid Grey/Crystal White, 12.5 M US Parent B077X9YK5Y , Minitoo TJ7139 Ladies Girls T-strap 3" Heel Latin Ballroom Dancing Pumps Parent B0777PM8LYRTRY Women'S Sandals Summer Comfort Pu Casual Flat Heel Sparkling Glitter Silver / Gold Others Golden Us7.5 /... Parent B074CWW749BCBG Generation Women’s Allison Fashion Boot B072BDDRM1 ParentMan's/Woman's Mustang 2837-603 Womens Booties B075GY9HDJ Parent Online Shopping Let our products go to the world Seasonal promotion , Mark Todd Unisex Short Palmerston Boots Black Size 39 B07DJMH787 ParentIGI&Co 2184611 Stivaletti Women Black 37 B07HG2WK8L Parent , Fashion Thirsty Womens Ladies Winter Flat Low Heel Walking Ankle Boots Faux Fur Fleece Warm New by Heelberry® B07H9577TP ParentQupid Women’s Sochi-133 Ankle Boot B074NHGYG8 ParentTop Shishang Tall Scrub Retro Low Heel Martin Boots with Chelsea Boots Unisex Ankle Boots B07HBVRGGF ParentSFSYDDY-Pointed Head High-Heeled Short Boots Fine Heel Fashionable Women'S Shoes Sexy Belt Buckles Snake Middle... B07GYY9GNM Parent , Geox D746AA 0BT22 Ankle Boots Women Grey 39½ B072N3KHBX Parent , GAOLIXIA Women's Sandals Pumps Open Toe High Heels Rhinestones Ankle Strap Chunky High Heel Court Shoes Party... B07FCMD46H ParentEurope and the United States and Ms. suede thigh Boots Size heels B0781BNXYV ParentGAOLIM The Bare-Colored Tip Light The High-Heel Shoes 10Cm Thin Women With Single Shoes Wedding Shoes B07BSF6PR6 ParentKaren Scott Womens Clancy Closed Toe Classic Pumps, Black Stitched, Size 8.0 US / 6 UK US B002CJ7ME4 ParentOdomolor Women's Pull-On Round Closed Toe Low-Heels PU Solid Pumps-Shoes B07CP5FCY4 ParentPanter 403041700 – Diamond Totale O2 Black 067 Size: 42 B00Q2TND1Q Parent , Sano by Mephisto KASHMIR Women's Shoes Black Schwarz (BLACK SOFTY 1200/LO.6100/PE.10103) Size: 4 (37 EU) B0051NSZ62 Parent , RUGAI-UE Slippers women's slope Heel Toe slippers for casual sandals B07D3YK23M Parent , Jeffrey Campbell Sandals and Slippers for Women, Colour Multicolor, Brand, Model Sandals and Slippers for Women... B07BTRQ39M Parent , YWNC New Suede Sequins Fine High Heel Open Toe Women'S Sandals Rear Zipper Banquet Parties Wear-Resistant Non-Slip B07CWMKNNX Parent , MEILI Stiletto Heels Tip Hollow Shoes Women Sandals B07BGY7T17 Parentyalanshop Shiny Sandals, High Heels, Shallow Hollow Colors, Tapered Hollow Sandals And Sandals. B07DLCZ7JJ ParentMrs Duberess Womens Leather Summer Open Toe Casual Flat Slip On Shoes Wedge Comfort Work Loafers Breathable Shoes B07BQVVB1Y 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.

BalaMasa Urethane Womens Pumps Studded Fringe Dress Urethane Pumps Shoes Parent APL10712 B07GT84KKT Parent 0278a9e - kattskillbay.com

BalaMasa Urethane Womens Pumps Studded Fringe Dress Urethane Pumps Shoes Parent APL10712 B07GT84KKT Parent 0278a9e Shoes

7718113
7791864
10593274
10981507
12721376
14521720
16617123
18241616
18777291