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The CL Crude-analysis Thread


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  #2701 (permalink)
kummi90
Oslo + Norway
 
Posts: 31 since Jun 2024
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SMCJB View Post
For Ags
Benson Quinn Commodities have a bunch of free newsletters that have a lot of good fundamental info.


For Livestock
Daily Livestock Report by Steiner Consulting Group also has a lot of good fundamental info but costs $69/year. (One month free trial)


For Oil
It's been so long since I saw Oilprice.com I honestly have no idea.

Thank you.

May I ask how you trade WTI and natty gas?

I'm currently reading "Trade Stocks and Commodities with the Insiders" by Larry Williams. IS it possible to use the COT report for a weekly bias, in your experience?


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  #2702 (permalink)
 
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 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT Stellar & Tradestation
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kummi90 View Post
May I ask how you trade WTI and natty gas?

Mostly spreads and butterflys (futures not options).

kummi90 View Post
I'm currently reading "Trade Stocks and Commodities with the Insiders" by Larry Williams. IS it possible to use the COT report for a weekly bias, in your experience?

I believe the consensus answer to that is yes although the consensus is also that you need to be very careful on your data dates to avoid look ahead bias/data leakage.

I personally have never analyzed the COT data in detail. In the energy space there have always been too many ways for the truly big players to mask their positions ~ although has been reduced significantly in recent years. Also there was an incident about a decade ago, where the CFTC changed the classification of one company from hedger to speculator and that one change increased speculator positions by 25%!


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  #2703 (permalink)
 voloshin00efim 
Sezana+Slovenia
 
Posts: 39 since Jul 2024

short oil today


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  #2704 (permalink)
 voloshin00efim 
Sezana+Slovenia
 
Posts: 39 since Jul 2024

#CL Long.
Supply dried up. Demand is increasing.


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  #2705 (permalink)
kummi90
Oslo + Norway
 
Posts: 31 since Jun 2024
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voloshin00efim View Post
#CL Long.
Supply dried up. Demand is increasing.

Not sure what I'm looking at. What are the indicators you use, or fundamental news?


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  #2706 (permalink)
 voloshin00efim 
Sezana+Slovenia
 
Posts: 39 since Jul 2024


kummi90 View Post
Not sure what I'm looking at. What are the indicators you use, or fundamental news?

I trade with indicators, helps to see supply and demand in the markets. 2 are mine, one is not.
I am not a long-term trader, I trade intraday or several days.
When news comes out, it is still expressed in the market in the form of Supply and Demand. Only volatility changes depending on the news.


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  #2707 (permalink)
kummi90
Oslo + Norway
 
Posts: 31 since Jun 2024
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voloshin00efim View Post
I trade with indicators, helps to see supply and demand in the markets. 2 are mine, one is not.
I am not a long-term trader, I trade intraday or several days.
When news comes out, it is still expressed in the market in the form of Supply and Demand. Only volatility changes depending on the news.

Thanks for explaining. How do you gauge supply and demand?

Yeah, but news never tell about direction, only spikes volatility. The weekly oil inventory will often move the price in the opposite direction than what is logical.


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  #2708 (permalink)
 voloshin00efim 
Sezana+Slovenia
 
Posts: 39 since Jul 2024


kummi90 View Post
Thanks for explaining. How do you gauge supply and demand?

In my case, this is the calculation of a few parameters, such as volume, duration time of movement and others .

kummi90 View Post
Yeah, but news never tell about direction, only spikes volatility. The weekly oil inventory will often move the price in the opposite direction than what is logical.

That's why Stop Loss is often taken out during the first surges. And then you need to understand who is stronger in the market bulls or the bears. Also often these takeouts test the levels of Supply and Demand of the previous period (yesterday’s for example) Sometimes you can take a position with limit orders.


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  #2709 (permalink)
kummi90
Oslo + Norway
 
Posts: 31 since Jun 2024
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voloshin00efim View Post
In my case, this is the calculation of a few parameters, such as volume, duration time of movement and others .

That's why Stop Loss is often taken out during the first surges. And then you need to understand who is stronger in the market bulls or the bears. Also often these takeouts test the levels of Supply and Demand of the previous period (yesterday’s for example) Sometimes you can take a position with limit orders.

Right!

I'm trying to track price drift after EIA report, 5 min, 15 min, 30 min and 1 h.
It seems the initial move seldom reverses completely, no matter draw or build.

Lots of ways to analyze though, like strength of surprise, whether or not it is going with or against short-term trend, if it is consistent with gasoline draw/build, etc. I'm not too smart for that.
Best is maybe just to "trade what is in front of you", focus on price action.

Due to day-job, I often miss out on "easy", clear, obvious 20-30 cent moves. I only need/want to scalp the "meat" of these moves, but I seem to discover these momentum shifts too late.
I prefer to trade off of 5 min charts, but I can't stay glued to the 5 min /CL chart.

Not sure how to use volume info on such a low time-frame.


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  #2710 (permalink)
 voloshin00efim 
Sezana+Slovenia
 
Posts: 39 since Jul 2024


kummi90 View Post
Right!

I'm trying to track price drift after EIA report, 5 min, 15 min, 30 min and 1 h.
It seems the initial move seldom reverses completely, no matter draw or build.

Lots of ways to analyze though, like strength of surprise, whether or not it is going with or against short-term trend, if it is consistent with gasoline draw/build, etc. I'm not too smart for that.
Best is maybe just to "trade what is in front of you", focus on price action.

Due to day-job, I often miss out on "easy", clear, obvious 20-30 cent moves. I only need/want to scalp the "meat" of these moves, but I seem to discover these momentum shifts too late.
I prefer to trade off of 5 min charts, but I can't stay glued to the 5 min /CL chart.

Not sure how to use volume info on such a low time-frame.

While I was writing the previous post, I missed a good moment and took Long late.
If I had looked earlier, I would have taken a position in the area of ​​81.47-81.48.
At the Asian session there was supply, at the EU session Demand increased, the price went up. but on CL demand(or supply) is quickly drying up.


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