Archive | Henrique Simoes

Should Oil Be Trading At 10 Dollars Per Barrel?

Should Oil Be Trading At 10 Dollars Per Barrel?

The price of a barrel of oil would be closer to 10 dollars per barrel if the commodity wasn’t traded as an investment instrument, given the record-high levels of U.S. oil inventories, Peter Beutel, president of Cameron Hanover, said: “I honestly think that if there were no investors using oil as an asset that the […] [...more]

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Crude Oil Futures Seasonality

Crude Oil Futures Seasonality

The above chart represents the seasonality for Crude Oil Futures Continuous Contract (CL) for the past 20 years. Date range: January 1, 1990 to December 31, 2009 Source: Equity Clock If you look at this seasonal chart you can see the bad seasonality from October to late December. If you add the large contango in […] [...more]

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Contango Is Rising Again. Its The Carry Traders Paradise.

Contango Is Rising Again. Its The Carry Traders Paradise.

Oil futures are showing large contango spreads in the November and December contracts. November and December futures are trading 2.3% and 4.4% respectively, above front month prices. That is a carry trader paradise, especially if you are bearish on oil or on the economy in general. Small investors using the oil ETF`s also benefit from […] [...more]

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Trading Journal HM Simoes – September 1, 2010

Trading Journal HM Simoes – September 1, 2010

Japan’s Nikkei 225 stock average added 80 points, or 0.9 percent, to 8,904 after hitting a 16-month closing low the previous day. I am still long Nikkei Futures expecting a continuation of the rally. My first target is 9100. Yesterday`s action was a little disappointing. I was antecipating a rally that didn`t materialize, but today`s […] [...more]

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