{"id":6005,"date":"2019-07-31T16:46:07","date_gmt":"2019-07-31T20:46:07","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=6005"},"modified":"2019-07-31T16:46:07","modified_gmt":"2019-07-31T20:46:07","slug":"energy-example-july-29","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/pt\/energy-example-july-29\/","title":{"rendered":"Energy Example, July 29"},"content":{"rendered":"<h5>The goal of this example is to provide our readers with some important fundamental and technical trends in commodity markets.<\/h5>\n<p>July 29, 2019 | by Joel Fingerman, Ph.D.<\/p>\n<h1>Energia<\/h1>\n<p>The December Crude Oil futures contract is heavily traded.\u00a0 The difference between the current year December contract and the next year December contract is often referred to as the &#8220;Dec Red Dec&#8221; calendar spread.\u00a0 It is a good measure of the structure of the forward curve and potential direction of prices.\u00a0 Chart 1 (black line) shows the current Dec Red Dec calendar spread between December 2019 \u00a0and December 2020 to be at $2.14.\u00a0 With the exception of 2017-2018 (blue line), the calendar spread has decreased by $1 to as much as \u00a0$5 into the expiration in November.\u00a0 So a trader would consider a short position by selling the 2019 December contract and buying the 2020 December contract.<\/p>\n<h3>Chart 1<\/h3>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-6006\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/07\/July29energyexample.png\" alt=\"\" width=\"974\" height=\"687\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/07\/July29energyexample.png 974w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/07\/July29energyexample-300x212.png 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/07\/July29energyexample-768x542.png 768w\" sizes=\"(max-width: 974px) 100vw, 974px\" \/><\/p>\n<p>Regards,<\/p>\n<p>The Fundamental Analytics Team<\/p>","protected":false},"excerpt":{"rendered":"<p>The goal of this example is to provide our readers with some important fundamental and technical trends in commodity markets. July 29, 2019 | by Joel Fingerman, Ph.D. Energy The December Crude Oil futures contract is heavily traded.\u00a0 The difference between the current year December contract and the next year December contract is often referred [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6005","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/6005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/comments?post=6005"}],"version-history":[{"count":1,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/6005\/revisions"}],"predecessor-version":[{"id":6007,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/6005\/revisions\/6007"}],"wp:attachment":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/media?parent=6005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/categories?post=6005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/tags?post=6005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}