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MRCI - Brent Crude Oil Spread Strategy Alert

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Attention All Spread Traders!!!

MRCI published Strategy #4406, a Long April/Short September Brent Crude Oil (CBJ/CBU) spread with entry 2/11 and exit 3/2.  However, the InterContinental Exchange (ICE), upon which Brent Crude Oil trades, changed their Last Trading Day (LTD) for Brent Crude Oil as follows:  "trading shall cease ... on the last business day of the second month preceding the relevant contract month." In other words, April Brent Crude will expire 2/29 --- thereby rendering that strategy null and void.  Traders who hold April Brent Crude Oil through expiry are subject to delivery because ... "the ICE Brent Crude futures contract is a deliverable contract based on EFP delivery with an option to cash settle."

Thus, MRCI now presents an similar but alternative spread as Strategy #4406: Long May/Short December Brent Crude Oil (CBK/CBZ) with the same entry and exit dates.  This strategy, with its details and charts now available at MRCI Online, has succeeded in 12 of the last 15 years and generated an average profit of US$604.  Both contracts are exceptionally liquid.  We apologize for the confusion and inconvenience.

Last Updated on Tuesday, 09 February 2016 12:21
   

NEW FOR 2016 - HISTORICAL LUMBER REPORT!!

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The US housing industry has been recovering, but lumber prices still rise and fall.  Are prices now at great values?

How will that affect US construction season?  Will prices go lower? Will they go higher?  If so, when?  If so, for how long?

Do your research with MRCI's New 2016 LUMBER REPORT!

 

Last Updated on Tuesday, 29 December 2015 12:01
 

HISTORICAL INDICES REPORT!!

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Will the stock market continue its tradition of rallying into the new year?  Will there be another "Santa Claus rally?"  After frightening declines in August and again in September, several US stock indices are at or near new all-time highs, but some international markets are lagging.  Does that provide incredible opportunity?  But which way and when?  Do your research with MRCI's NEW HISTORICAL INDICES REPORT.


Last Updated on Monday, 21 December 2015 09:41
 
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Attention All Spread Traders!!!

MRCI published Strategy #4406, a Long April/Short September Brent Crude Oil (CBJ/CBU) spread with entry 2/11 and exit 3/2.  However, the InterContinental Exchange (ICE), upon which Brent Crude Oil trades, changed their Last Trading Day (LTD) for Brent Crude Oil as follows:  "trading shall cease ... on the last business day of the second month preceding the relevant contract month." In other words, April Brent Crude will expire 2/29 --- thereby rendering that strategy null and void.  Traders who hold April Brent Crude Oil through expiry are subject to delivery because ... "the ICE Brent Crude futures contract is a deliverable contract based on EFP delivery with an option to cash settle."

Thus, MRCI now presents an similar but alternative spread as Strategy #4406: Long May/Short December Brent Crude Oil (CBK/CBZ) with the same entry and exit dates.  This strategy, with its details and charts now available at MRCI Online, has succeeded in 12 of the last 15 years and generated an average profit of US$604.  Both contracts are exceptionally liquid.  We apologize for the confusion and inconvenience.