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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (19831)8/31/2017 1:28:08 PM
From: robert b furman2 Recommendations

Recommended By
John Pitera
sixty2nds

  Read Replies (2) | Respond to of 33421
 
HI John,

Superior trading.

Agreed on bonds.

The reflation trade is grabbing traction (in commodities)and no one will believe it.

Opportunity of a life time!

Bob



To: John Pitera who wrote (19831)9/1/2017 11:17:46 AM
From: Slumdog  Read Replies (2) | Respond to of 33421
 
Hi John, just curious, which gasoline
contract are you trading?



To: John Pitera who wrote (19831)9/1/2017 2:48:12 PM
From: Slumdog  Respond to of 33421
 
John the reason I ask about the gasoline contract
is that you state in your post;

"...do you realize that for every 1 cent rise each contract goes up $1000"

The RBV17 is a 42,000 gallon contract, priced per gallon.

A one cent rise (or decline) in this contract would equal $420, not $1000.

Is there another larger contract?
Am I missing something?