GF feeders long opportunity

in feeders •  7 years ago 

The spread (long april18 short may18) has tendency to rise in price @ this period: gf1.png
Its backtesting: gf3.png

gf2.png

Its price action history: gf4.png

Current price action of the spread has stated a higher high and a higher low:
gf8.png

The cumulative delta on the underlier suggesting accumulation:
gf7.png

The caveat for this spread is that there is no aggressive buying from commercials yet:
gf6.png

Also the forward curve showing that there is still carry cost that wheights on price (bear pressure) as the front month (april)still in discount to back month (may) :
gf5.png

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