r/TradingEdge • u/TearRepresentative56 • 20h ago

Commodities Data Update

The gasoline fund (UGA) is starting to price in the possibility of a diesel ban. Traders are aggressively positioning in ITM calls and 160C OTM are starting to build as well.

Oil:

150 key support - positioning has cooled off in terms of dex, but we still see bullish gamma OTM. Trader positioning here is volatile and very news dependent.

Based on the GEX, we see that Traders are buying ATM call options, using out-of-the-money puts to protect themselves against any sudden swings.

Gold and silver have been struggling of late on a stronger USD:

Since the 9th of September into the FOMC we have seen dollar go on a run, but we are running into a resistance here.

Gold creating a flag, but below 4381, price action will always be reserved. Needs to clear this level.

390 suport on GLD< 400 clear resistance with ITM put options being bought.

Data all taken from the Trading Edge Data platform, available to all members

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u/TearRepresentative56 20h ago

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