range

Could be in a channel...a bit long VERY SHORT term

4891 and 4951 have been doing their fair share for holding this up on volume

-Bill

EDIT

However I don't much care what it does one day to the next. Up, down, left, right - right, left, down, up.

Typically the best trades are in the early session

I'm going to throw an idea out there for folks who use numbers bars

I tried to pick a difficult area for a trade - right in the middle of a range

1046amET - 1015 trades, 405 (more) on the ask, 1221 volume, 33% bid

You would think it would go higher - NOT

I don't much care it ONLY went from 5015 or so to 4990

-Bill

EDIT

Actually it is still motoring right along

Brent-WTI up to $10 now

I wonder what @mfbreakout is doing today - my guess - sitting on his hands - and rightfully so

Steve

Yeah it's pretty quiet in here the past two days. I just wanna remind everyone that if you don't see any good opportunities, just sit out and wait for something clear to emerge.

SMCJB - You trading the heating oil spreads? I am having a near record day riding Mar/Apr down after it's 30 cent blow up.

Conversely we have this

1056amET

Number of trades are increasing at 4975 area (important amongst itself)

623 trades, -175 ask, 62% bid
703 trades, -175 ask, 60% bid

What happened next?

-Bill



EDIT

What better opportunity do we need than what I just laid out?

30 ticks and 40 ticks. I'm not the sharpest pencil in the box but one contract example, 700 US clams

That's perfectly fine! Just a friendly bulletin that I tell myself every day, and when things are quiet in the market I remind myself.