Always knew that this whole #chowkidar thingy was bs and a scam but here is my first hand experience of the double handedness and hypocricy of these so called chowkidar bhakts.
Met a couple of clients for our @MoversQuant product yesterday. Met these 2 businessmen for the first time. As usual the conversation started with outlook on markets and by default the political outcome of the general elections coming up
May 19, 2018 • 46 tweets • 9 min read
Professional commodity traders rarely ever trade price. The bulk of the volume in commodity trades are in spread trading. Different types of spreads traded 1. Calendar spreads (contango or backwardation) 2. Location basis spreads (wti-brent) 3. Refining spreads ( gas/heat cracks
4. Cross commodity spreads (crude to natty)
Most of these spreads are a function of relative fundamental supply and demand. Will explain each and what the fundamental drivers of each are soon if people are interested
