Jump to content

Economic warfare, Oil and the price of Gasoline

Recommended Posts

Interesting times indeed for the price of Gasoline...after last Thursdays short squeeze in the May contract, the fun and games and general shenanigans continue unabated.  The price of Gasoline is disappearing high into the ether. But why is that? Very good question, as the price of Brent and WTI have not blown beyond their March highs or even close to it. Indeed WTI is barely $105 ....It would appear there are those with ulterior motives where the price of Gasoline is concerned, as the usual correlation with the price of Oil has gone the way of a great deal of Russian tanks in Ukraine...(blown up). 

Why would there be price manipulation in the New York contracts of gasoline? Or prior to that Oil? Political capital? Old fashioned economic warfare?  For example: the Nymex RB01 futures gasoline contract usually moves in tandem to the price of WTI, unusually this is not the case. The correlation has been hiked by 20%+. Is there a deficit of Gasoline? Well no, not as compared to the deficit in long term Oil reserves or Distillates and WTI. There is a small deficit of aprox 4 million barrels. Not enough to prompt the current squeeze in price. Is the price reflected in the Chicago exchange? Again no, Chicago are buying Gasoline at a 23 cent discount to benchmark. It would appear this squeeze is coming from New York.  Are refineries  having problems? Again to the negative. Refineries are running and making high margins on large volumes. So for why this considerable squeeze? Not supply, not stocks, no shortage, so why is the price headed to the moooon? It would appear Mr and Mrs and even Miss America and Global citizens elsewhere are being squeezed for cash for political and financial motives. This is not market efficiencies in action, there is something more. Gasoline is over  $3.50....it's March high was a very brief $3.85 before crashing down when WTI reached $130....currently WTI is $103.87 and Gasoline is $3.50.....all is not well in the state of Denmark it seems...or even spot and futures contracts on NYMEX...

We have seen short squeezes before, made famous by Gamestop.....there appears to be one happening now with Gasoline. Gamestop was a short squeeze instigated by millennials keen to stick it to the "man", Gasoline short squeeze is being instigated by a completely different cast of bad actors.  



  • Like 2
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 08/02/23 06:56
  • Posts

    • For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK. Today’s coverage: Indices: European mkts expected up. FTSE100 24hr mkts another new record high FX: Little move despite Powell saying more US rate rises needed to combat inflation Equities: Earnings this morning - BDEV PZ SVT TTE.  VOW last night a disappointment. This evening - UBER DIS. ZOOM announces 15% cut in global workforce Commods: Gold up for third day.  Oil up after API drop in inventories. NY orange juice another new record high        
    • Elliott Wave Analysis TradingLounge Daily Chart, 8 February 23,   Uniswap / U.S.dollar(UNIUSD) UNIUSD Elliott Wave Technical Analysis Function: Follow trend     Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave III of Motive Details: Wave 3 rise is likely towards the level of 15.37 Wave Cancel invalid Level: 4.946 Uniswap / U.S.dollar(UNIUSD)Trading Strategy: Uniswap is likely to recover well as price breaks through the MA50 and MA200 are bullish signals. and leads to the movement of wave III that is usually equal to 1.618 x the length of wave I at the level of 15.371. Uniswap / U.S.dollar(UNIUSD) Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators above Zero-Line momentum are bullish. TradingLounge Analyst: Kittiampon Somboonsod     Elliott Wave Analysis TradingLounge 4H Chart, 8 February 23,   Uniswap / U.S.dollar(UNIUSD) UNIUSD Elliott Wave Technical Analysis Function: Counter trend     Mode: Corrective Structure: Flat Position: Wave (B) Direction Next higher Degrees: wave ((2)) of Motive Wave Cancel invalid Level: 4.95 Details: Pullback of wave (B) when end, the price decline to wave (C)again. Uniswap / U.S.dollar(UNIUSD)Trading Strategy: Uniswap There is a strong recovery trend when the price breaks MA50 and MA200 is a good sign. But nevertheless, the price is in a phase of retracement in wave (2), when it finishes, the price resumes upward trend. Wait for wave ((2)) to complete. Uniswap / U.S.dollar(UNIUSD)Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators below Zero-Line Bearish momentum.
    • may I ask if anyone knows where is a good place where there is a forum on Excel Based Trading?
  • Create New...