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

futures.io - futures trading strategies, market news, trading charts and platforms

Traders Hideout

Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons


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.

Reply With Quote
The following user says Thank You to MacroNinja for this post: