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CL : when will rangebound prices stop ?
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CL : when will rangebound prices stop ?

  #1 (permalink)
Trading for Fun
portland, OR
 
Futures Experience: Advanced
Platform: NinjaTrader, TradeStation
Broker/Data: Optimus/Rithmic
Favorite Futures: CL
 
Posts: 50 since Nov 2009
Thanks: 5 given, 18 received

CL : when will rangebound prices stop ?

So CL has been in a tight 4 point range since the last week of Oct...

Looking for opinions about why this might be happening, specially considering all the crazy stuff going on in the middle east (iran, syria, egypt, etc).

And also, I'm wondering if anyone wants to venture guesses as to how long this will continue...

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  #2 (permalink)
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  #3 (permalink)
Trading for Fun
portland, OR
 
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chart


here's a visual for what i mean ...
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  #4 (permalink)
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Munich, Germany
 
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It will end this week

... so, good timing with your post!

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  #5 (permalink)
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karoshiman View Post
It will end this week

... so, good timing with your post!

Yes I kind of agree to that too
Due to the fiscal cliff's talks and potential war in the middle east or south east asia, I remain very vigilant on CL as any news of this type will shoot oil prices to the roof!

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