Crossing over from ES Emini to oil futures (CL)

NexusFi · 2021-05-20T21:47:52-04:00

Morning all, I'm going to add oil into my trading repertoire-currently trade just the ES contract. One thing that I REALLY like about the ES is that there is an open and close time which provides excellent reference points for support and resistance as they reflect a lot of volume and where it is positioned i.e. these areas are great support and resistance zones. My question is whether the CL has these reference points for high volume areas (open and close) on a daily basis. I know there is the crude …

Discussion in Commodities

Updated May 21, 2021

Crossing over from ES Emini to oil futures (CL)

May 20th, 2021, 09:47 PM	#11 (permalink)
Ghappy21 plano TX/USA Posts: 52 since Feb 2021 Thanks Given: 5 Thanks Received: 66	Hi. Timely post for me. I recently expanded from day trading the /ES and added the /CL. I am amazed of how quickly and powerfully the /CL moves. It seems that every day some news impacts it. Maybe the two go together well because they are so different. So, far I find it quite hard to predict /CL direction or for it to hold a direction. /ES is that nice girl you want to marry. /CL is that wild girl, more exciting but more dangerous.