ABD Enerji Enformasyon \u0130daresi (EIA) verileri, 14 A\u011fustos\u2019ta sona eren haftada ABD \u0131s\u0131tma ya\u011f\u0131 stoklar\u0131n\u0131n 0,537 milyon varil azald\u0131\u011f\u0131n\u0131 g\u00f6sterdi; bu durum, bir \u00f6nceki haftadaki 0,192 milyon varillik art\u0131\u015f\u0131 tersine \u00e7evirdi. Bu de\u011fi\u015fim, son raporlama d\u00f6neminde stoklar\u0131n art\u0131\u015ftan d\u00fc\u015f\u00fc\u015fe d\u00f6nmesine i\u015faret ediyor.<\/p>\n
Haftal\u0131k de\u011fi\u015fim, iki okuma aras\u0131nda 0,729 milyon varillik net bir sapmaya i\u015faret ediyor. Piyasalar, \u00f6zellikle mevsimsel talep de\u011fi\u015fimleri \u00f6ncesinde distilat arz ko\u015fullar\u0131n\u0131n bir g\u00f6stergesi olarak \u0131s\u0131tma ya\u011f\u0131 stoklar\u0131n\u0131 yak\u0131ndan izler.<\/p>\n
14 A\u011fustos\u2019ta sona eren hafta i\u00e7in EIA raporunun \u0131s\u0131tma ya\u011f\u0131 stoklar\u0131nda 537 bin varillik s\u00fcrpriz bir d\u00fc\u015f\u00fc\u015f g\u00f6stermesine h\u0131zla tepki vermeliyiz. Bir \u00f6nceki haftadaki 192 bin varillik stok art\u0131\u015f\u0131ndan bu ani d\u00f6n\u00fc\u015f, arz\u0131n beklenenden \u00e7ok daha erken s\u0131k\u0131la\u015ft\u0131\u011f\u0131na i\u015faret ediyor. Sonbaharda havalar\u0131n so\u011fumaya ba\u015flad\u0131\u011f\u0131 ge\u00e7i\u015f d\u00f6nemine girerken, t\u00fcrev i\u015flemler yapan yat\u0131r\u0131mc\u0131lar\u0131n \u0131s\u0131tma ya\u011f\u0131 vadeli i\u015flemlerinde uzun pozisyon almas\u0131n\u0131 \u00f6neriyoruz.<\/p>\n
Tarihsel olarak, a\u011fustos ortas\u0131nda distilat stoklar\u0131nda g\u00f6r\u00fclen d\u00fc\u015f\u00fc\u015fler, \u00f6zellikle rafineri kullan\u0131m\u0131n\u0131n sonbahar bak\u0131m \u00e7al\u0131\u015fmalar\u0131 nedeniyle genellikle geriledi\u011fi d\u00f6nemlerde, ortalaman\u0131n \u00fczerinde g\u00fc\u00e7l\u00fc bir \u0131s\u0131nma sezonu s\u0131k\u0131\u015fmas\u0131n\u0131n sinyali olabiliyor. Son on y\u0131ldaki benzer yaz sonu stok d\u00fc\u015f\u00fc\u015flerine bak\u0131ld\u0131\u011f\u0131nda, \u0131s\u0131tma ya\u011f\u0131 vadeli i\u015flemlerinin izleyen haftalarda tarihsel olarak ortalama %5 ila %8 y\u00fckseldi\u011fi g\u00f6r\u00fcl\u00fcyor. Bu e\u011filimin, \u0131s\u0131tma ya\u011f\u0131-ham petrol crack spread\u2019inin geni\u015flemesini desteklemesini bekliyoruz.<\/p>\n
Bu yukar\u0131 y\u00f6nl\u00fc potansiyeli yakalarken riskimizi y\u00f6netmek i\u00e7in, ekim vadeli \u0131s\u0131tma ya\u011f\u0131 kontratlar\u0131nda kullan\u0131m fiyat\u0131 piyasa seviyesinin \u00fczerinde (out-of-the-money) al\u0131m opsiyonu (call) sat\u0131n almay\u0131 de\u011ferlendirmeliyiz. Alternatif olarak, prim maliyetlerini s\u0131n\u0131rlarken arz a\u00e7\u0131\u011f\u0131ndan kaynaklanan daha istikrarl\u0131 kazan\u00e7lar\u0131 hedeflemek i\u00e7in bo\u011fa dikey spread (bull vertical spread) stratejileri kullan\u0131labilir. \u00d6n\u00fcm\u00fczdeki haftalarda rafineri \u00fcretimini yak\u0131ndan izlemeliyiz; zira planlanmam\u0131\u015f herhangi bir duru\u015f, fiyatlar\u0131 daha da yukar\u0131 ta\u015f\u0131yacakt\u0131r.<\/p>\n\n\n\n
Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":" S\u00fcrpriz hamle: EIA\u2019ya g\u00f6re ABD \u0131s\u0131tma ya\u011f\u0131 stoklar\u0131 14 A\u011fustos haftas\u0131nda 537 bin varil d\u00fc\u015ft\u00fc; \u00f6nceki haftaki art\u0131\u015f\u0131 tersine \u00e7evirdi. Arz s\u0131k\u0131la\u015f\u0131yor: long, call veya bull spread \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":50171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-53002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t