What or Who was Behind the Buying in Crude, $CL
With the myriad of players moving in and out of the Crude Oil markets and its affiliate or component products Heating Oil and Unleaded Gasoline, it becomes a definitive benefit to reference a “larger picture” view. This helps determine the trend and prevents countertrend trading when the markets move into a transition from one level […]
Continue readingCrude, $CL Chart 11-02-2015
Crude continues to have more “moments” of 20+ tick moves than the equity markets over the last 5 trading sessions. In the absence of any strong economic or oil related news trading was primarily a steady ebb and flow producing solid enough signals for trading. Today’s net total of +51 ticks was per contract and […]
Continue readingCrude Oil – Trading CL – October 20, 2015
Crude Oil continues to be a profitable day trading the front month. Currently, that is the December 2015 contract. Tuesday’s trade delivered winners trending both higher and lower. Shorts proved to produce the larger moves. There were also 3 periods of “whiplash” and counter trend trading. I would describe “whiplash” trading as a small period […]
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