TAOFFEN Women Fashion Parent Cross Strap Sandals Platform TAOFFEN B07CVS1H51 Women Parent 633e2d0




TAOFFEN Women Fashion Parent Cross Strap Sandals Platform TAOFFEN B07CVS1H51 Women Parent 633e2d0 - 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:

TAOFFEN Women Fashion Parent Cross Strap Sandals Platform TAOFFEN B07CVS1H51 Women Parent 633e2d0 - kattskillbay.com
Women's ADIDAS ORIGINALS Rita Ora TUBULAR DEFIANT Trainers Parent B0756Z5QJKAJUNR New/Fashion/Work/Ladies slippers water drills leisure thick drag and drop sponge cake shoes Black 5cm with... Parent B07CTGL694Freddy Purelite, Women’s Flatform Pumps Parent B01CQQF7NUDYF Women Embroidery Nude Shoe National Style Poe heel Cloth Shallow mouth,Red,34 Parent B074QNRKFV , Adidas JS FLAMMES I Yellow Black Baby Sneakers Shoes Jeremy Scott Parent B00T667NGSJSHOE Women's Latin Dance Shoes Salsa / Tango / Chacha / Samba / Modern / Jazz Shoes Sandals High Heels,Gold-heeled8.5cm-UK7... Parent B0796NF7KDMADELINE girl Wishes Women's Sandal, Desert, Size 6.5 US/4.5 UK US B01N5SM6K5 ParentAsics Gel Spike 2 W Damen-Hallenschuh/Volleyball Indoor Shoes White with Gel Cushioning for Leisure and Sports B076MMDLK9 ParentEuterpe, peep toe ankle boot with wrapped plateu B011BJ69QW ParentMephisto Women's Vincenta 7800/12700 Black Boots B01M0VFRZR Parent , BearPaw Womens Britney Wedge Boot Hickory Size 10 B06XYJSRVX Parent , Ted Baker Women’s Liveca Chelsea Boot B078T5N4X6 Parent , XIE Female winter Artificial PU Round head Rough with flat Boots British style Chelsea boots Carved Bullock Keep... B07HP1RRZ3 Parent , BalaMasa Womens Electroplate Heel Glass Diamond Classic Frosted Boots B01KWXKFKO ParentRFF-Women's Shoes Europe and America Fashion Boots, Big Shoes B075PJM5R8 ParentWomen's Ladies Short Stretch Boots New Fashion Rough High Heel Square Head Wool Knitting Side zipper Suede Black... B076DD3694 Parent , Lamoda Womens Iridescent Diamante Embellished Knee High Slouch Boots in Red Faux Suede6 B07DVQLXQK ParentMan/Woman Elara Women’s Ankle-Strap B079MJHGSK Parent fashion Strong value Very good classificationRocket Dog Women’s Seon Biker Boots B06Y1Y1JVH Parent , Cotswold New Ladies Ruscombe Waterproof Work Shoes Weather Protection Footwear B01AAMARP0 Parent , Cofra 00310-004.W42 Size 42 S4 SRC"Eclypse" Safety Shoes - White B01G5UHFSS Parent , Dorothy Perkins Women’s Polly Closed Toe Heels B07B6LLVY8 ParentGold High Heels Sandals Summer Ladies High Heels Elegant Roman Sandals (Color : Silver, Size : 40) B0747J2SJ5 ParentTahari Women’s Ta-Lacie Flat Sandal B01MSN47T2 ParentAgooLar Women's Blend Materials Checkered Buckle Closed Toe Kitten-Heels Sandals B01HJ8GH9S ParentHigh Heels Adult Lady Suede Size 22.5cm To 24.5cm Beige/Black Summer Lightweight Heightening Wedge Heel B07DNBY1CR Parent , QPSSP Pointed And Wrinkled Black And White Dots With Baotou Semi Slippers, Sandals And Sandals. B07FQJ3HNH Parent , Romika Mikado 70, Women's Slippers B00K8QVVEK ParentGrendha Brasil Essence Slide Womens Sandals B01EVMUWDM Parent , TAOFFEN Women Fashion Kitten Heel Sandals Party Shoes B07FKRTBC8 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.

TAOFFEN Women Fashion Parent Cross Strap Sandals Platform TAOFFEN B07CVS1H51 Women Parent 633e2d0 - kattskillbay.com

TAOFFEN Women Fashion Parent Cross Strap Sandals Platform TAOFFEN B07CVS1H51 Women Parent 633e2d0 Shoes

1367382
1729749
2324748
5113204
6090236
6366097
8607521
15109245
15572552