Gasoline / RBOB (RB) – Knowledge
Specs • Seasonality • Driving Season • COT • Reports • Spreads • Trading notes
1️⃣ Contract Specifications
| Exchange / Symbol | NYMEX (CME) / RB (RBOB Gasoline) |
|---|---|
| Contract Size | 42,000 gallons |
| Tick Size | $0.0001/gal = $4.20 per contract |
| Point Value | $0.01/gal = $420 |
| Months | All listed |
| Settlement | Physical (NY Harbor) |
| Trading Hours | Globex ~23h; Peaks US-Session. |
2️⃣ Seasonality & Driving Season
- Q2–Q3: Driving Season → ↑ Nachfrage/Preis
- Frühjahrs-Switch auf Summer-grade Gasoline (Spezifikationen) → Spreads
3️⃣ Refining Spreads
- Gasoline Crack (RB/CL) als Margin-Indikator
- RB-HO Spread spiegelt Produktmixe & Saison
4️⃣ COT Insights
- Funds folgen Saisonalität & Cracks; Commercials hedgen
5️⃣ Key Reports
- EIA Weekly (Gasoline stocks, implied demand)
- Kolonial-/Pipeline-Flows, PADD-1 (East Coast) Engpässe
6️⃣ Market Drivers
- Wetter/Hurrikans (Gulf Coast), Raffineriestörungen
- Auto-Mobility, Feiertage (Memorial Day → Labor Day)
7️⃣ Correlations & Proxies
- Positiv zu CL; Spreads RB-CL & RB-HO beobachten
- ETFs/CFDs: Gasoline-CFDs
8️⃣ Trading Notes / My Take
RB trade ich über saisonale Long-Setups ins Frühjahr/Sommer, getriggert durch EIA-Daten & Crack-Stärke. Spreads und Spezifikations-Switch beachten.
Disclaimer: Educational only.