Looking to Reenter
Back on December 1st, the IMC blog entered a short position in the copper/crude oil spread at the equivalent of +$12,870 (premium copper), due to rollovers. 244 more words
The IMC blog entered a short position in the March copper/crude oil spread at +$13,265 (premium copper) on December 1st. We rolled to the May contracts at the market-on-close last Friday (February 17th) because Monday was the Last Trading Day for the crude contract. 176 more words
Copper and crude oil prices are strongly correlated. You can look at the last three decades of price history and see that this is the case. 643 more words
The Real McCoy?
Just before Memorial Day, the IMC blog bought a December copper(x2)/gold spread. The position was liquidated with a loss a few weeks later when the spread hit new lows for the move. 628 more words