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1:48 AM
Most Volatile Oil Market Since ’09 Seen Persisting on Oversupply by Bloomberg.
How i am trying to trade it?
NOTE: As a note to my chart. Typically i am flat before 9 am NY open due to Globex inventory adjustement process.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
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Hey @Big Mike can we sticky this thread so that it stays at the top and nobody starts another CL analysis thread.
(I think there are currently 3 threads but this is the biggest and most recent).
Here's what I have for today. Most people would pull from Globex session low - not always but I tend to place emphasis on time ie EU/ London/ NY, pit open - close etc
-Bill_M
EDIT
Of course there's just as many short half-way-back that can be pulled as well, micro and macro
I look at high of the day ( globex session high) and high put in after the news. Based of after the news report yesterday, high will be 51.10 area. That's why i said yesterday no longs for me till 51.20 area is cleared with FORCE and i kept shorting where ever i could muster the courage. It never crossed my mind to try long till there seems to be exhaustion into the close around 48 area.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.