Women Lightweight Ladies Toe-Post Casual Comfort Summer 29514 Lightweight Flat Slip-On Comfort Sandals Shoes Size B07CNCZRGK Parent 1a49b60

Women Lightweight Ladies Toe-Post Casual Comfort Summer 29514 Lightweight Flat Slip-On Comfort Sandals Shoes Size B07CNCZRGK Parent 1a49b60 - 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:

Women Lightweight Ladies Toe-Post Casual Comfort Summer 29514 Lightweight Flat Slip-On Comfort Sandals Shoes Size B07CNCZRGK Parent 1a49b60 - kattskillbay.com
Guess Women's Trainers Beige Beige Parent B07D1PJYN4Dance Class Women's GS601 Center Gore Jazz Shoe Parent B0053ESS02PUMA Women's x MAC Three Classic Sneakers, Port Royale/Port Royale, 6.5 M US Parent B07C5N5S5TT.T-Q Women's Dance Shoes Leather Patent Heels Cuban Heel Beginner Red Parent B07FMTMDBL , Ash Footwear Quartz Black & Camo Woven Trainer Parent B01MYPK86B , Skechers Womens/Ladies SK14468 Go Step Lite Origin Slip On Shoes (7 UK) (Black) Parent B01N81ADE6 , Puma Unisex Adults' Blaze Ct Trainers, Green Parent B071HRNCYS , Coolway Women's Trecklow Walking Shoe B01MZ6VPA3 ParentNike Women’s 831509-004 Trail Running Shoes B00AB0K8LK Parent , Rocket Dog Kallen Sandals Womens B075JKBTG9 ParentBlack or Brown Leather Look Sturdy Heel Ankle Boot with Snakeskin Effect & Golden Buckle Detailing B010XBQR48 ParentAN A&N Womens Boots Low-Top Zipper Ankle-Wrap High-Heel Warm Lining Nubuck Dance-Ballroom Soft-Ground Urethane... B078G5Z92G ParentMan's/Woman's Gioseppo Booty Sneakers B07GS4T6W2 Parent Big clearance sale Quality and quantity guaranteed Highly appreciated and widely trusted in and out , BalaMasa Girls Low-Cut Uppers Chunky Heels Platform Microfiber Pumps-Shoes B01JR3XQHE ParentPleaser Tipjar-709-5 - sexy platform high heels sandals mit Tip-Slot sizes 2-11, Size:EU-36 / US-6 / UK-3 B00A483L5Y Parent , Indigo Rd. Women's Bellen Pump B06XHPLCLZ ParentAllhqFashion Women's Spikes Stilettos Soft Material Assorted Color Pull On Pumps-Shoes B01JTYQGAU ParentDrunknmunky junior high sneakers BOS-VI-095 15SS B00WF5DZSC Parent , U.S.POLO ASSN. U.s. Polo assn. FIAMA4035S8/T2 Wedge Sandals Women B079WPMK6L ParentSHINIK Womens's Shoes European And American Ladies Sandals Stiletto Peep-Toe With Suede Rhinestone Party Shoes B07CVZ21G7 ParentDream Summer Women's Ankle Sandals Fashion Sexy Pointed-Toe Shallow Mouth High Heels B07DDQ5RJX ParentGTVERNH Fashion/women's shoes/13Cm High Heel Sandals Sexy Summer Thin And Waterproof Platform Simple Cross Strap... B07GY1QH6X ParentALDO Womens Etiewen White 36 (US Women's 6) B - Medium B077QK9VN7 Parent , Women Lady Leather Sandals Roman Shoes Open toe Cross straps Soft Comfortable Fashion Flat Shoes Size 37-42 B07CGTBJPH ParentFeminine Pointed-Toe Sexy Shallow Mouth Stiletto Heel Summer Sandals (Color : Black, Size : 37) B074C4ZRQ6 ParentMen/Women Baretraps Women’s Sammie Sandal B075Z8M22D Parent Fashion pattern New style Contrary to the same paragraphHush Puppies Loafer, Women’s Moccasins B0787JFFLK Parent , Slippers HAIZHEN Women shoes 6.8cm Female summer cool Fashion thick (White/Black) for Women (Color : White, Size : EU39/UK6/CN39) B079ZSDRM5 EU39/UK6/CN39|WhiteAalarDom Women's Frosted Low-Heels Open-Toe Solid Buckle Sandals B07H2WGXH8 Parent , YE Women's Knee High Gladiator Outdoor Sandals Platform Block Heel Back Zip Shoes B07F2FVYKS 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.

Women Lightweight Ladies Toe-Post Casual Comfort Summer 29514 Lightweight Flat Slip-On Comfort Sandals Shoes Size B07CNCZRGK Parent 1a49b60 - kattskillbay.com

Women Lightweight Ladies Toe-Post Casual Comfort Summer 29514 Lightweight Flat Slip-On Comfort Sandals Shoes Size B07CNCZRGK Parent 1a49b60 Shoes