Why does the CL seem to be trending better overnight? | Traders Hideout


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Why does the CL seem to be trending better overnight?

  #9 (permalink)

Buenos Aires Argentina
 
Trading Experience: Advanced
Platform: NT, MT4, Sierra
Favorite Futures: S&P, Bonds, Crude, FX
 
Posts: 250 since Sep 2014
Thanks: 37 given, 243 received

Well #1, don't forget that crude is used world wide, not just in the US, so people will place orders accordingly. (compare this to say NG which is really just a domestic market)

#2, the orders coming in from the Chinese has been increasing exponentially, so need to account for Shanghai traders more than you had to in the past.

Finally, there's less liquidity, and therefore easier to move markets.

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