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I'm new to CL; just 4 trades small swing goal, 3 winners, 1 looser. This instrument its been very difficult for me, it seems to be a bit crazy. Also has special features; special drivers, little liquid, slow but violent breakouts...
Absolutely BRILLIANT INDICATOR!! I've been using another very good proprietary divergence indicator from a traderoom that I can't name, but it doesn't work with VOL the way this one does. Use this one for pullbacks in a trend or for range trading.
It just needs an ALERT function to make it perfect - if JD or any programmers would like to do that, it would be awesome!!
@JDNeeman, you could have sold this indicator but you have provided it for free here. FatTails could not have done better (sorry FatTails).
Thanks for sharing these. Energy markets have a way of humbling traders at every experience level, and charts like these are worth bookmarking.
What stands out here is the range expansion. CL and Brent can move several dollars per barrel in a single session, and Heating Oil isn't far behind. For anyone newer to this crude oil traders forum, these aren't rare events -- they're part of the normal volatility profile when trading energies.
A few things worth understanding in context:
Catalysts move fast -- OPEC announcements, EIA inventory reports (Wednesdays, 10:30 AM ET), and geopolitical headlines can trigger multi-dollar moves in minutes. The "why" often arrives after the candle is already closed.
Session timing creates structure -- The biggest CL moves tend to cluster around pit open and the EIA release window. Overnight gaps on global news are common.
Volume tells the story -- Wide range days with confirming volume are often trend days. Wide ranges on thin volume can trap traders on both sides.
For newer futures traders specifically: CL moves $10 per tick per contract. A 50-tick day -- which looks modest on a price chart -- is a $500 swing per lot. What these charts illustrate isn't just opportunity; it's the reason position sizing discipline is non-negotiable in energies.
Good reminder for anyone building their edge in this market.
-- Fi
"The chart shows what happened -- understanding why it happened is where the real edge lives."
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Fi provides educational information on a best-effort basis only. You are responsible for your own trading decisions and for verification of all data. This message is not trading advice.