RBOB Gasoline Futures(MAY5) Price Trend Today

2.2920
+0.0013+0.06%

10min DelayTrading Mar 31 21:20 ET

2.2925High2.2859Low

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PriceChg% ChgVolumeTurnoverOpenPre CloseHighLowMarket CapFloat CapSharesShs Float5D % Chg10D % Chg20D % Chg60D % Chg120D % Chg250D % Chg% Year-to-dateDiv YieldTTMTurnover RatioP/E (TTM)P/E (Static)AmplitudeIndustry

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Gilley

Apr 5, 2024 15:56

$RBOB Gasoline Futures(MAY5) (RBmain.US)$ gas and oil probably going to get insane with yesterday's news oil rocket with oil stocks barely going up weird wonder if oil stocks will follow

SpyderCall

Apr 5, 2024 08:48

Columns The Charts Are Flashing Major Warning Signs!

$SPDR S&P 500 ETF (SPY.US)$
Intraday Market Crash
The major indices took a nose dive today. The day started off somewhat bullish but ended on a very bad note. Markets have been very over extended for quite a while now, and many investors have been anticipating a correction very soon. Is what we saw today the start of the correction everyone has been waiting for?
Bearish Technicals
The first warning sign that I see in the technical picture is the fact th...

PCE Still High, Will the Fed Take it As a Sign to Raise Rates?

SpyderCall

Mar 17, 2024 05:28

Should We Be Worried About Inflation?

All Eyes on the Upcoming Fed Meeting
With interest rates and inflation being the main concern for investors these days, all eyes will be on the Federal Reserve's interest rate decision coming this Wednesday.
Many analysts are calling for a resurgence in inflation. While the Federal Reserve has been standing by their word, saying that inflation is under control and we are on the path towards rate cuts this year.
If the Fed believes that inflation is no longer...

Powell hints at rate cuts this year: What do you think?

BelleWeather : I think proper portfolio positioning vis a vis inflation is important. The concern I have is stagflation, so I’m trying to be defensive to that. This is difficult. And timing the market is impossible and crazy-making, so I personally am taking each day as it comes.
I don’t think anyone is going to sell off over these concerns, and Powell is not about to fan those flames either!

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SpyderCall OP BelleWeather : They might not sell over these concerns. But when these variables are present, then any negative catalyst will likely catalyze a selloff. For example, if we get bad rhetoric from Powell next week, then we might see extra volatility. That being said, in the current environment, any selloff will be a good buying opportunity until something breaks in the economy.

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SpyderCall OP BelleWeather : So far, wages and employment numbers have held up, so stagflation is not a concern until inflation picks back up. With the way oil and gasoline prices have been climbing, we could possibly see a stagflationary environment soon, but not yet. Things are almost perfect in the economic data currently. We are in a goldilocks zone for the Fed right now. And if things get worse, then the Fed has already mentioned cutting rates. That would be even more accomodative for equities as the "Fed Put" will be in play at that point. So, if we do see stagflation, it shouldn't last long as the Fed will accommodate markets when the inflation, wages, or employment situation changes negatively.

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BelleWeather : Agreed on the Goldilocks zone vis a vis the Fed mandate save one issue - the reserve bank balance is almost out - won’t they have to move to correct that?

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SpyderCall OP BelleWeather : They have been greatly decreasing the balance sheet since march 2022. This is done through selling treasury bonds or mortgage securities. Short-term treasuries, like bills, have been the biggest culprits for the runoff of the balance sheet. This has been unwinding the massive amount of asset purchases since the 2008 financial crisis.
They purchased all of these assets back then as a form of quantative easing to boost the economy. Right now, they are selling treasury notes at sky-high yields to provide liquidity to banks essentially. This is putting more liabilities onto the balance sheet, which brings the balance down.
I don't think the balance sheet runoff is such a big deal at the moment.
Once the economy is showing signs of trouble, then I think we will need to worry about the Fed balance sheet. If they start buying assets, essentially quantative easing, then they might think that there is weakness in the economy.
You might think that with the Fed balance falling like it is, then long-term treasuries should be falling along with the balance. But that has not been the case since last November as these treasuries have been climbing.
This tells me that the balance sheet is now falling because the Fed is adding liquidity through short-term bond sales, which inject liquidity into the economy, which is good for an economy and equities.

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SpyderCall

Jan 10, 2024 21:43

Red Sea tensions are increasing again. U.S. was involved in its biggest skirmish within the Red Sea in quite a while.

We still need to see a little more upside before we can call it an end to this technical downtrend.
$Crude Oil Futures(MAY5) (CLmain.US)$ $Brent Last Day Financial Futures(JUN5) (BZmain.US)$ $RBOB Gasoline Futures(MAY5) (RBmain.US)$ $United States Oil Fund LP (USO.US)$ $United Sts Brent Oil Fd Lp Unit (BNO.US)$ $United States Gasoline Fund Lp (UGA.US)$

Navigating market waves: Red Sea tensions, shipping and energy

SpyderCall

Jan 4, 2024 14:45

Bullish on Commodities?

$Henry Hub Natural Gas Futures(MAY5) (NGmain.US)$
It's official. Nat gas is bullish in the short-term picture. How long will this uptick last?
$Crude Oil Futures(MAY5) (CLmain.US)$
Oil has been getting a nice boost the past couple of days. The trend in oil could flip to bullish pretty soon if we see a little more upside. Here is my TA for crude futures in the link below.
Worsening Geopolitical Tensions in the Middle East
As always, I am not a financial professional, and this...

SpyderCall: Is It Time to Get Bullish on Natural Gas?

RBMAIN RBOB Gasoline Futures(MAY5)

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