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Unprecedented Spread Trading Opportunity in Crude Oil
Trading Strategy: Go Long on Brent and WTI Crude Oil Spread
(Buy Brent crude oil while shorting WTI crude oil)
Historically, Brent crude oil prices have been higher than WTI 70% of the time. Since 2010, 90% of the time the spread has been positive. Before 2010, it was generally negative, ranging from 0 to -3, with extreme cases reaching -7.
Today’s intraday spread hit -4, which is very rare in history and presents a great opportunity.
In recent years, the typical spread has been between 2 and 5.
🉑️ Spreads above 10 can also be gradually shorted.
In mid-March, there was another excellent shorting opportunity when the spread reached about 18. It has now dropped from 18 to -4, a $22 spread.
👍 The cryptocurrency oil perpetual contracts are very suitable, as they are not affected by the delivery date of oil futures or the brief spread caused by different opening times of the two oil markets.
(Chart 2 shows the historical oil spread since 1983)
#国际油价走高 #CrudeOil
$XTI $XBR