The spread between Heating Oil and Gasoline (with March 2015 contracts) touched its maximum a few days ago and it was removed from the expected seasonality.
I'll give the futures spread a little longer to see if it returns to the path. Whenever it is not out of range in which it is moving, of course. In this case I will execute the stop.
In this chart, I´m using 5-15-20 year seasonal patterns. Consistency of the bearish seasonal pattern is very high. But energy market is very dangerous nowadays.
Chart is from SeasonAlgo.
You can check the evolution of this futures spread in my Spanish blog: Spread Heating Oil - Gasoline (HO-RB): estacionalidad bajista (6)
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